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

Author Question: When faced with an economic loss, a competitive firm will exit the industry in the long run. a. ... (Read 93 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Jun 30, 2018
When faced with an economic loss, a competitive firm will exit the industry in the long run.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If finding the last stamp to complete your collection makes you happier than finding the first, then:
 a. marginal utility is zero.
  b. marginal utility is negative.
  c. total utility is decreasing.
  d. total utility is constant.
  e. marginal utility is not diminishing.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

e


altibaby

  • Member
  • Posts: 562
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

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.

Saffron-faced Blue Dart Pseudagrion rubriceps Saffron-faced Blue Dart Pseudagrion rubriceps
Solution (Polynomial Long Division) Solution (Polynomial Long Division)
Economic and Social Development Economic and Social Development
Invasive species and the biodiversity loss Invasive species and the biodiversity loss
economic economic
economic question economic question
Video: Epinephrine/NE (heart rate, altered blood flow, glycogenolysis & bronchodilation)

For a complete list of videos, visit our video library