« previous next »

Author Question: An increase in a firm's fixed cost will not change the firm's profit-maximizing output in the short ... (Read 125 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
An increase in a firm's fixed cost will not change the firm's profit-maximizing output in the short run.
 
  Indicate whether the statement is true or false

Question 2

Economists Robert Jensen and Nolan Miller reasoned that to be a Giffen good, with an income effect larger than its substitution effect, a good must be ________ and make up a ________ portion of a consumer's budget.
 
  A) an inferior good; very small B) a normal good; very large
  C) an inferior good; very large D) a normal good; very small
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Tonny

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Hormones acting through the brain help regulate metabolism and short- and long-term appetite. Hormones acting through the brain help regulate metabolism and short- and long-term appetite.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
A Change of Heart A Change of Heart
Video: The Krebs Cycle Animation

For a complete list of videos, visit our video library