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

Author Question: In the short run, the monopolistic competitive firm will charge a price equal to marginal cost. a. ... (Read 81 times)

Medesa

  • Hero Member
  • *****
  • Posts: 507
on: Jun 30, 2018
In the short run, the monopolistic competitive firm will charge a price equal to marginal cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

The average fixed cost of a firm equal:
 a. implicit costs divided by output.
  b. explicit costs divided by output.
  c. total cost minus variable cost.
  d. total cost minus total variable cost divided by output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ktidd

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

d


Medesa

  • Member
  • Posts: 507
Reply 2 on: Jun 30, 2018
Wow, this really help

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

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.

Processes of Lightning Formation: Charge Separation Processes of Lightning Formation: Charge Separation
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Cost of Going to School Cost of Going to School
The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ... The xy plane is painted with a uniform surface charge density which is equal to 40 nC/m2 . ...
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library