efficiency Flashcards
1
Q
in perf comp what is status of 3 efficiencies
A
PE= yes AE= yes DE= no
2
Q
in mono what is status of 3 efficiencies
A
PE= no AE= no DE= yes
3
Q
in mono comp what is status of 3 efficiencies
A
PE= no AE= no DE= yes
4
Q
why in perf comp is PEyes
A
Price= MC= LACmin
5
Q
why in mono and mono comp is PE not
A
no need to produce at ATC
6
Q
in perf comp why is Ae yes
A
P=MB=MC
7
Q
why in mono and mono comp is AE not
A
p > mc
8
Q
in perf comp why is DE no
A
too small to invest
9
Q
why in mono and mono comp is DE yes
A
can invest
