This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A monopolistically competitive firm shuts down in the short run if ________. A) marginal revenue ... (Read 92 times)

jlmhmf

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
A monopolistically competitive firm shuts down in the short run if ________.
 
  A) marginal revenue equals marginal cost
  B) total revenues do not cover variable costs
  C) marginal revenue covers average fixed costs
  D) average total cost exceeds price

Question 2

A production function establishes the relationship between:
 
  A) the market price of a good and the sales revenue generated.
  B) the quantity of output produced and the firm's profit.
  C) the quantity of inputs used and the quantity of output produced.
  D) the market price of a good and the quantity of output supplied.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


jlmhmf

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 29, 2018
Thank you :)


14vl19

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
Short form of amino acids Short form of amino acids
Video: Wound Repair Animation

For a complete list of videos, visit our video library