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Author Question: In long-run equilibrium, the perfectly competitive firm produces: a. where P = MC = AC. b. at the ... (Read 93 times)

joe

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on: Jun 30, 2018
In long-run equilibrium, the perfectly competitive firm produces:
 a. where P = MC = AC.
 b. at the lowest point on its long-run average cost curve.
 c. where its long-run average cost curve is tangent to its horizontal demand curve.
  d. at a level of output such that all of the above are true.

Question 2

The official poverty-line income is adjusted annually for _____.
 a. income taxes
  b. unemployment compensation benefits
  c. house rents
  d. inflation
  e. increases in health-care costs


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reelove4eva

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


joe

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Reply 2 on: Jun 30, 2018
Excellent

ktidd

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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