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

Author Question: A profit maximizing perfectly competitive firm would never operate at an output level where a. it ... (Read 110 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Jun 30, 2018
A profit maximizing perfectly competitive firm would never operate at an output level where
 a. it would not cover all of its variable costs.
 b. it was not earning a positive economic profit.
  c. it was not earning a zero economic profit.
 d. it was not earning an accounting profit.

Question 2

Economic stagnation and recession result in unemployment and poverty.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


swpotter12

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Jun 30, 2018
Thank you :)


ashely1112

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

A thermostat stuck in the open position caused the engine to operate too cold. The vehicle failed ... A thermostat stuck in the open position caused the engine to operate too cold. The vehicle failed ...
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
Share of Hours Worked by Education Level, 1940–2008 Share of Hours Worked by Education Level, 1940–2008
Sea-Level Pressure Sea-Level Pressure
A Drug’s Plateau Level A Drug’s Plateau Level
Video: Anatomy and Chemical Makeup of a Single Hair (Animation)

For a complete list of videos, visit our video library