« previous next »

Author Question: Refer to Figure 13-4. Should the firm represented in the diagram continue to stay in business ... (Read 105 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 29, 2018
Refer to Figure 13-4. Should the firm represented in the diagram continue to stay in business despite its losses?
 
  A) No, it is not able to cover its fixed cost.
  B) Yes, it should increase its revenue by raising its price.
  C) Yes, its total revenue covers its variable cost.
  D) No, it should shut down.

Question 2

The market demand curve facing a monopolist is more elastic than the market demand curve facing a monopolistic competitor.
 
  Indicate whether the statement is true or false


Edwyer

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

biochemistry diagram biochemistry diagram
Soil Texture Diagram Soil Texture Diagram
Many physicians use cell phones to stay in touch with their offices. Many physicians use cell phones to stay in touch with their offices.
Schematic Diagram of Steam-to-air experiment (CHE415 Unit Operations) Schematic Diagram of Steam-to-air experiment (CHE415 Unit Operations)
Despite the globe’s vast social change, people all over the world continue to make race a ... Despite the globe’s vast social change, people all over the world continue to make race a ...
International Business: The Challenges of Globalization International Business: The Challenges of Globalization
Video: Types of synapses - electrical & chemical

For a complete list of videos, visit our video library