« previous next »

Author Question: Firms will continue to enter a competitive industry until: a. the supply curve is vertical. b. the ... (Read 54 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
Firms will continue to enter a competitive industry until:
 a. the supply curve is vertical.
 b. the market price falls below average variable cost.
  c. any economic profits have been competed away.
  d. all resources are fully employed.

Question 2

Per capita income is calculated as:
 a. national income divided by number of households.
  b. national income divided by number of people.
  c. number of households divided by national income.
  d. number of people divided by national income.
  e. number of people divided by domestic income.


brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

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.

The role of the liver in fuel supply to the blood. The role of the liver in fuel supply to the blood.
Despite the globe’s vast social change, people all over the world continue to make race a ... Despite the globe’s vast social change, people all over the world continue to make race a ...
Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ... Effect-log dose curve for the analgesic action of three narcotics and aspirin. Hydromorphone is more ...
Titration curve for aspartic acid Titration curve for aspartic acid
Linear dose-response curve Linear dose-response curve
Blood Supply to the Lungs Blood Supply to the Lungs
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library