At long-run equilibrium of a perfectly competitive firm the following condition holds good: Long Run Average-Total-Cost = Long Run Marginal Cost = Average Revenue = Marginal Revenue = Price
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Scenario 5.3. The expected revenue from all three companies combined is
A) $11 million B) $17.9 million. C) $25.5 million. D) $29.5 million. E) $48 million.
What is the best description of the US economy from 1929-1940?
a. GNP decreased continually during the greatest Depression our nation has known. b. The economy suffered a large drop from 1929-1933, but then grew steadily through WW II. c. The economy suffered an initial drop, a four-year expansion and then another drop towards the end of the decade. d. The unemployment rate increased steadily throughout the period.
The newest evidence on Head Start suggests that ________ participants are less likely to be charged with a crime later in life than equally-situated non-participants.
A. white B. most C. African-American D. all
As nominal Gross Domestic Product (GDP) rises, people will wish to
A) hold less money for transactions. B) hold more money for transactions. C) spend less. D) invest only in stocks.