Author Question: The owners will shut down a perfectly competitive firm if the price of its good falls below its ... (Read 59 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?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library