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

Author Question: At a perfectly competitive equilibrium with production and trade, the slope of the production ... (Read 98 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jul 1, 2018
At a perfectly competitive equilibrium with production and trade, the slope of the production possibility curve will be
 
  A) equal to the slope of the price line faced by the consumers.
  B) steeper than the slope of the price line faced by consumers.
  C) flatter than the slope of the price line faced by consumers.
  D) either steeper or flatter than the price line faced by the consumers, depending upon the relative preferences of the consumers.

Question 2

In the long run, fixed costs are
 
  A) sunk.
  B) avoidable.
  C) larger than in the short run.
  D) not included in production decisions.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


BRWH

  • Member
  • Posts: 553
Reply 2 on: Jul 1, 2018
Wow, this really help

lkanara2

  • Member
  • Posts: 329
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Primary production is constrained by the most limiting factor. Primary production is constrained by the most limiting factor.
Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library