If a firm in monopolistic competition is neither making a profit nor suffering a loss, its AR curve is
a. horizontal.
b. touching its AVC curve.
c. touching its ATC curve.
d. below its MR curve.
c. touching its ATC curve.
You might also like to view...
Holding other factors constant, an increase in the tax rate on revenue generated by capital will:
A. decrease national saving. B. increase national saving. C. increase investment. D. decrease investment.
Suppose an investor with state-independent tastes is offered the choice between investment A and investment B. Investment A offers profit of $2,000 with probability 0.4, $4,000 with probability 0.2 and $6,000 with probability 0.4. Investment B offers profit of $2,000 with probability of 0.5 and $6,000 with probability 0.5. If the investor is risk averse, he will choose investment A.
Answer the following statement true (T) or false (F)
Consider a law that limits women's access to certain "dangerous" occupations like coal mining and military combat service. Such a law would likely reduce women's wages because:
a. women would be overqualified for "non-dangerous" jobs. b. labor supply in female-intensive occupations would increase. c. women would be less likely to obtain college degrees. d. comparable worth would no longer exist between men's and women's occupations.
At what price would there be an excess supply of 200 units of the good?
Figure 4-15
Refer to Figure 4-15. At what price would there be an excess supply of 200 units of the good?
Group of answer choices
A. $15
B. $20
C. $35
D. $30