Question
Under perfect competition, the long-run equilibrium of
the firm is established atSolution
“In the long-run, firms are in equilibrium when they have adjusted their plant so as to produce at the minimum point of their long-run AC curve, which is tangent (at this point) to the demand (AR) curve defined by the market price” so that they earn normal profits.
What is a table joined with itself called?
Which of the following commands are used to put a restriction on the number of rows returned from a query?
Which interrupt is generated by software?
Which of the following operators is used to compare a value to a list of literal values that have been specified?
What does the ‘
What is a page fault?
What is context switching?
What is the maximum number of processes that can be in the Ready state?
Which of the following is not part of the process control block (PCB)?
Which of the following illustrates an advantage of DBMS over traditional file systems?
