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 101 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?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

The central dogma of genetics at the molecular level. The central dogma of genetics at the molecular level.
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
Upper-Level Maps Upper-Level Maps
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Changes in the Level of Education, 1975-2010 Changes in the Level of Education, 1975-2010
Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded. Intraaortic balloon pump. The balloon deflates during systole, so cardiac output is unimpeded.
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library