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

Author Question: If a perfectly competitive firm is producing where its MR=MC, but is operating to the left of the ... (Read 11 times)

Apple716

  • Full Member
  • ***
  • Posts: 157
on: Oct 12, 2022
If a perfectly competitive firm is producing where its MR=MC, but is operating to the left of the minimum point of its LRAC curve,
◦ it can still be in long-run equilibrium as long as P = SRATC.
◦ it is in a long-run profit maximizing position.
◦ it can reduce its average costs by building a larger plant.
◦ its profits will decrease if it builds a larger plant.
◦ it cannot be optimizing its short-run behaviour.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Apple716 on Oct 12, 2022

bainer89

  • Full Member
  • ***
  • Posts: 181
Reply #1 on: Oct 12, 2022
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 56% of students answer this correctly


Apple716

  • Member
  • Posts: 157
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

This frame from a home video shows Eric Harris (on the left) and Dylan Klebold (on the right) as ... This frame from a home video shows Eric Harris (on the left) and Dylan Klebold (on the right) as ...
The tension of the spring in the fuel-pressure regulator determines the operating pressure on a ... The tension of the spring in the fuel-pressure regulator determines the operating pressure on a ...
Effleurage as a finishing and transition technique. Finish the left side with effleurage moving back ... Effleurage as a finishing and transition technique. Finish the left side with effleurage moving back ...
Four hazardous materials incidents. Clockwise from top left: a clandestine drug lab dump site, ... Four hazardous materials incidents. Clockwise from top left: a clandestine drug lab dump site, ...
Healthy Bone (left) vs Weakened Bone (right) Healthy Bone (left) vs Weakened Bone (right)
Medial view of left cerebral hemisphere & Superolateral view of thalamus Medial view of left cerebral hemisphere & Superolateral view of thalamus
Video: Retina

For a complete list of videos, visit our video library