Microeconomics Quiz
20 questions · no time limit
0:00
COMPETITIVE EQUILIBRIUM
Question 1 of 20
No time limit
Current
Answered
Flagged
Not seen
An entrepreneur is considering leaving her job as a software engineer, where she earns $120,000 per year, to start a small farm that operates in a perfectly competitive market. She estimates her annual accounting costs for the farm (seeds, rent, hired labor) will be $80,000. If the farm industry is in long-run equilibrium, what is the expected annual total revenue for her farm?
YOUR PROGRESS
20
QUESTIONS
Ready when you are
Answer in any order. Your progress shows here as you go.
QUESTIONS
KEYBOARD
Pick an answer ABCD
Next question ↵→
Previous ←
Flag for review F
Answers save as you go · flagged questions come back at the end