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Author Question: A perfectly competitive firm shuts down in the short-run when the market price is less than the ... (Read 60 times)

Tazate

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on: Jun 30, 2018
A perfectly competitive firm shuts down in the short-run when the market price is less than the average variable cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Under which of the following circumstances might a gallon of water be more valuable than a flawless one carat diamond?
 a. At a diamond shop next door to a clean public drinking fountain.
 b. At a diamond shop next door to a typical grocery store selling bottled water.
 c. In any U.S. city with safe, clean drinking water.
 d. In a life raft with 8 passengers who have been adrift on a remote part of the Pacific Ocean for a week with few prospects of an immediate rescue.


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Melissahxx

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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

d


Tazate

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Reply 2 on: Jun 30, 2018
Gracias!

6ana001

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Reply 3 on: Yesterday
:D TYSM

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