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 97 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
:D TYSM

rachel

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

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.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande
Levels of protein structure. Levels of protein structure.
SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels. SSRIs block the reuptake of serotonin into nerve terminals, resulting in increased serotonin levels.
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Cost of Laptops Cost of Laptops
Respiratory response to increased activity levels Respiratory response to increased activity levels
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library