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

Author Question: The perfectly competitive firm's short-run supply curve is the same as the a. supply curve of all ... (Read 122 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
The perfectly competitive firm's short-run supply curve is the same as the
 a. supply curve of all other firms in the industry
  b. upward-sloping portion of its marginal cost curve
  c. upward-sloping portion of its marginal cost curve at or above minimum average variable cost
  d. upward-sloping portion of its average variable cost curve
  e. market demand curve

Question 2

What is true at the profit-maximizing quantity for a perfectly competitive firm but not for a nondiscriminating monopoly?
 a. Price equals marginal cost.
  b. Price is greater than marginal cost.
  c. Marginal revenue equals marginal cost.
  d. Marginal revenue is less than marginal cost.
  e. Marginal revenue is greater than average revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


acc299

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Excellent

« previous next »
 

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?

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

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

The titration curve of acetic acid The titration curve of acetic acid
The Light Curve of a Nova The Light Curve of a Nova
Bell Curve Joke Bell Curve Joke
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
Blood and Nerve Supply of Bone Blood and Nerve Supply of Bone
The original Supply and Demand graph The original Supply and Demand graph
Video: Anaphylaxis Animation

For a complete list of videos, visit our video library