« previous next »

Author Question: Economic profits are earned when A) price equals marginal cost. B) price equals average variable ... (Read 362 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 30, 2018
Economic profits are earned when
 A) price equals marginal cost.
  B) price equals average variable costs.
  C) price equals average total costs.
  D) price is greater than average total costs.

Question 2

To gain market share
 A) a firm needs to be in a competitive market.
  B) a firm needs to limit substitutes.
  C) a firm needs to produce a commodity.
  D) a firm needs to be a substitute for other products


thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

How to find the average atomic mass of an element How to find the average atomic mass of an element
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
economic question economic question
economic question economic question
A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ... A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Video: Elementary kinetics

For a complete list of videos, visit our video library