This topic contains a solution. Click here to go to the answer

Author Question: A perfectly competitive firm will shut down in the short run when marginal revenue equals marginal ... (Read 59 times)

DelorasTo

  • Hero Member
  • *****
  • Posts: 548
A perfectly competitive firm will shut down in the short run when marginal revenue equals marginal cost at a price less than minimum average variable cost.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Consumers tend to maximize:
 a. marginal utility.
  b. marginal utility per dollar.
  c. total utility.
  d. money holdings.
  e. consumer surplus.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

EAN94

  • Sr. Member
  • ****
  • Posts: 307
Answer to Question 1

True

Answer to Question 2

c




DelorasTo

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library