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

Author Question: The ________ for a perfectly competitive industry is the horizontal sum of the individual firms ... (Read 62 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Apr 19, 2019

Question 1

A perfectly competitive firm will be ________ if it operates at the minimum point on its average variable cost curve.


◦ maximizing losses
◦ operating at its shutdown point
◦ minimizing profits
◦ breaking even

Question 2

The ________ for a perfectly competitive industry is the horizontal sum of the individual firmsʹ marginal cost curves above 
AVC.


◦ short-run industry supply curve
◦ long-run industry supply curve
◦ short-run industry marginal revenue curve
◦ long-run industry marginal revenue curve
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by yoooooman on Apr 19, 2019

spencer.martell

  • Sr. Member
  • ****
  • Posts: 342
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.
Answer Preview
Only 29% of students answer this correctly


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Achondroplasia. The individual in this photograph has the reduced limb development that typifies thi Achondroplasia. The individual in this photograph has the reduced limb development that typifies thi
Firms Incorporated into U.S. Steel Firms Incorporated into U.S. Steel
Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ... Competitive enzyme immunoassay. (a) Shows the uninhibited reaction and (b) shows the inhibited ...
Longitudinal and horizontal effleurage to the thigh. Apply with medium pressure to warm tissues. Longitudinal and horizontal effleurage to the thigh. Apply with medium pressure to warm tissues.
There are many ways for an individual to monitor his or her blood glucose level There are many ways for an individual to monitor his or her blood glucose level
A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ... A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ...
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library