Author Question: The owners will shut down a perfectly competitive firm if the price of its good falls below its ... (Read 97 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
The owners will shut down a perfectly competitive firm if the price of its good falls below its minimum
 
  A) average total cost.
  B) average marginal cost.
  C) average variable cost.
  D) wage rate.

Question 2

By making most of its employees owners of the company, United Airlines attempted to
 
  A) cope with the unlimited liability problem.
  B) change its business organization from a corporation to a partnership.
  C) address the principal-agent problem between the workers and managers.
  D) increase the role of the command system in managing the firm.



Dominic

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library