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

Author Question: For a perfectly competitive firm, average revenue is: a. equal to marginal cost at all levels of ... (Read 86 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
For a perfectly competitive firm, average revenue is:
 a. equal to marginal cost at all levels of output.
 b. equal to marginal revenue at all levels of output.
  c. equal to price at all levels of output.
 d. characterized by both (b) and (c).

Question 2

The horizontal and vertical axes of the Lorenz curve respectively measure:
 a. total income and total expenditure as cumulative percentages.
  b. total income and total population as cumulative percentages.
  c. total population and total expenditure as cumulative percentages.
  d. total expenditure and total income as cumulative percentages.
  e. total population and total income as cumulative percentages.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


P68T

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Human body: levels of organization. Human body: levels of organization.
Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the Worldwide Variations in Population and Income Levels Developed countries represent only 18% of the
Base Levels Base Levels
Levels of Structural Organization & Body Systems Levels of Structural Organization & Body Systems
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Molecules, Membrane Permeability and Structure

For a complete list of videos, visit our video library