N false false false en-us x-none x-none , Ask an Expert

Economics

The perfectly competitive firm will be in the long run equilibrium whenever price is:

A) Equal to average cost

B) Equal to minimum average variable cost

C) Greater than minimum average cost

D) Greater than minimum average variable cost

E) None of the above

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91230602

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question 1 what motivates baby boomers what motivates gen y

Question: 1. What motivates Baby Boomers? What motivates Gen Y? Why are they similar? 2. c 3. Are there any differences with different ethnic groups across generations? 4. What are companies doing to increase employee sa ...

Question in the land of purity there is only one form of

Question: In the Land of Purity, there is only one form of pollution, called "gunk." Table 12.14 shows possible combinations of economic output and reduction of gunk, depending on what kinds of environmental regulations ...

Question what are the advantages and disadvantages of

Question: What are the advantages and disadvantages of consumer interviews and market experiments? Please state sources. The response must be typed, single spaced, must be in times new roman font (size 12) and must follo ...

Question explain how a monopolistically competitive firm

Question: Explain how a monopolistically competitive firm obtains its monopolistic status. A monopolistic firm is considering to decrease the price of its product from $15 to $12. According to the available data, the qua ...

Question describe how each of these changes is likely to

Question: Describe how each of these changes is likely to affect poverty and inequality: a. Incomes rise for low-income and high-income workers, but rise more for the high-income earners. b. Incomes fall for low-income a ...

Question - lashondra is the owneroperator of an interior

Question - Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of th ...

Question graphically illustratea what happens to the rental

Question: Graphically illustrate: a) what happens to the rental price of capital and the marginal product of capital as the stock of capital increases b) how the change in the marginal product of capital changes the inve ...

Question the following information is to be used for the

Question: The following information is to be used for the calculation of the unemployment rate: Suppose there are two major groups, adults and teenagers, with adults divided into men and women. Teenagers account for 10% ...

Question - after reading business cycles by christina d

Question - After reading Business Cycles By Christina D. Romer, answer this: What were the causes of business cycles before 1914? What happened to Business Cycles between 1929 and 1948? What was the history of Business C ...

Quesiton please read an article on international risks and

Quesiton: Please read an article on international risks and write a one-half page over view of what you have learned. Type your thoughts in the comments box and send send a hyperlink of the article. How does the risks yo ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert