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

Author Question: Under long-run perfect competition, which of the following are the same (equal) at all levels of ... (Read 23 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: Jun 30, 2018
Under long-run perfect competition, which of the following are the same (equal) at all levels of output?
 a. Price and marginal cost.
  b. Price and marginal revenue.
  c. Marginal cost and marginal revenue.
  d. All of these.

Question 2

In response to a price change for good Y, if the cross-elasticity of demand for good Y is positive, good X and good Y are complements.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


D2AR0N

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: Jun 30, 2018
Thank you :)


jessofishing

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Biological investigation at different levels Biological investigation at different levels
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood. Pulse oximetry. The small device provides a digital readout of oxygen levels in the blood.
Long Term Control Medications Long Term Control Medications
Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ... Clear the thigh with long strokes. Start superior to the patella; place your full flat hand and ...
Perfect Cubes Perfect Cubes
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library