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

Author Question: A perfectly competitive firm that should not shut down in the short run will maximize profit where ... (Read 78 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
A perfectly competitive firm that should not shut down in the short run will maximize profit where
 a. VC = 0
  b. FC = 0
  c. AFC = MC
  d. P = MC
  e. ATC = 0

Question 2

Gilligan runs the only dry-cleaning business on a desert isle. If the cost of cleaning fluid falls, he can increase profit by
 a. raising price
  b. charging the highest price he can
  c. using less cleaning fluid
  d. lowering price
  e. charging a price equal to marginal cost


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joneynes

  • Sr. Member
  • ****
  • Posts: 376
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


pane00

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Thank you :)


joneynes

  • Sr. Member
  • ****
  • Posts: 376
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

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?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f
A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Competitive inhibition Competitive inhibition
Red-bellied short-necked turtle Red-bellied short-necked turtle
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Video: Introduction to Insulin

For a complete list of videos, visit our video library