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

Author Question: A firm in a perfectly competitive industry will expand output as long as: a. marginal revenue is ... (Read 84 times)

Bob-Dole

  • Hero Member
  • *****
  • Posts: 547
on: Jun 30, 2018
A firm in a perfectly competitive industry will expand output as long as:
 a. marginal revenue is less than average revenue.
  b. marginal cost is less than marginal revenue.
 c. marginal cost is less than average total cost.
 d. marginal revenue is less than average total cost.

Question 2

Which of the following is an example of in-kind transfer?
 a. Social security benefits
  b. Food stamps
  c. Disability pensions
  d. Unemployment compensations
  e. Earned income tax credit


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kxciann

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Bob-Dole

  • Member
  • Posts: 547
Reply 2 on: Jun 30, 2018
Gracias!

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

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?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Plant cells expand by taking up water into their vacuoles. Plant cells expand by taking up water into their vacuoles.
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ... A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ...
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
I need help fill up the chart attached phtoto long question I need help fill up the chart attached phtoto long question
Video: Metabolic Rate, Heat and Thermoregulation - response to heat and cold stresses

For a complete list of videos, visit our video library