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Author Question: If a perfectly competitive firm's average total cost curve is below its demand schedule at any level ... (Read 99 times)

mwit1967

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on: Apr 19, 2019

Question 1

A perfectly competitive firm will earn ________ economic profits in the range of output for which the firm's price is above its minimum average total cost.


◦ positive
◦ negative
◦ zero
◦ Any of these answers could be correct.

Question 2

If a perfectly competitive firm's average total cost curve is below its demand schedule at any level of output, then the firm will earn ________ profits.


◦ positive
◦ break-even
◦ negative
◦ zero
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by mwit1967 on Apr 19, 2019

ladyjames123

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Reply #1 on: Apr 19, 2019
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.
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mwit1967

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

lcapri7

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Reply 3 on: Yesterday
Excellent

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