« previous next »

Author Question: A firm's total profit can be calculated as all of the following except A) total revenue minus ... (Read 244 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
A firm's total profit can be calculated as all of the following except
 
  A) total revenue minus total cost.
  B) (price minus average total cost) times quantity sold.
  C) average profit per unit times quantity sold.
  D) marginal profit times quantity sold.

Question 2

Ordinarily, governments attempt to promote competition in markets. Why do governments use patents to block entry into some markets when this prohibits competition?
 
  A) Politicians sometimes succumb to pressure from lobbyists to grant favors to businesses for political reasons.
  B) Patents are an important source of government revenue.
  C) Patents are justified because they are an important means for creating network externalities.
  D) Patents encourage firms to spend money on research necessary to create new products.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Rebound Tenderness, Apply Firm Pressure to the Abdomen Rebound Tenderness, Apply Firm Pressure to the Abdomen
Eclipse Paths for Total and Annular Eclipses 2001–2020 Eclipse Paths for Total and Annular Eclipses 2001–2020
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
A carbon-14 nucleus decays to a nitrogen-14 nucleus by beta-minus decay. How much energy (in ... A carbon-14 nucleus decays to a nitrogen-14 nucleus by beta-minus decay. How much energy (in ...
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library