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 100 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?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

This girl has a long leg cast, which was applied after surgery to correct her clubfoot. This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
The air flowing into the engine can be directed through long or short runners for best performance ... The air flowing into the engine can be directed through long or short runners for best performance ...
Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ... Apply long effleurage stroke to entire arm, from hand to shoulder. Brush off from shoulder to hand. ...
Kepler’s Law of Equal Areas Kepler’s Law of Equal Areas
Kinesthesis and Equilibrium with skating Kinesthesis and Equilibrium with skating
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library