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

Author Question: In long-run equilibrium, which of the following is not equal to price for a perfectly competitive ... (Read 105 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
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
Answer to Question 1

a

Answer to Question 2

True





 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

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.

For a complete list of videos, visit our video library