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

Author Question: In long-run equilibrium, which of the following is not equal to price for a perfectly competitive ... (Read 112 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Jun 30, 2018
In long-run equilibrium, which of the following is not equal to price for a perfectly competitive firm?
 a. Short-run average variable cost.
  b. Long-run average total cost.
  c. Short-run marginal cost.
  d. Short-run average total cost.

Question 2

A horizontal demand curve is perfectly elastic.
 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

SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

True


olgavictoria

  • Hero Member
  • *****
  • Posts: 528
Reply #2 on: Jun 30, 2018
Thank you


SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Wilson and Simberloff's experiments on the equilibrium model of biogeography. Wilson and Simberloff's experiments on the equilibrium model of biogeography.
Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae Demonstration of equal segregation within one meiocyte in the yeast S. cerevisiae
Long-wattled Umbrellabird Long-wattled Umbrellabird
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Competitive firms and maximization Competitive firms and maximization
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library