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Author Question: A perfectly competitive firm in the short-run can earn: a. positive economic profits. b. negative ... (Read 94 times)

arivle123

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on: Jun 30, 2018
A perfectly competitive firm in the short-run can earn:
 a. positive economic profits.
  b. negative economic profits.
  c. zero economic profits.
  d. all of these are possible

Question 2

If a consumer's purchases of a product increases as income increases, this good is classified as a(n):
 a. superior good.
  b. inferior good.
  c. substitute good.
  d. complementary good.
  e. normal good.


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emily12345

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

e


arivle123

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  • Posts: 569
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

mohan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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