Refer to the scenario above. The average total cost of Firm A when it produces 100 pens is 3, and the average total cost of Firm B when it produces 50 pens is 7. At these levels of production, which of the following statements is true?
A) Both firms incur losses.
B) Firm A incurs a loss but Firm B makes a profit.
C) Firm B incurs a loss but Firm A makes a profit.
D) Both firms make profits.
Question 2
A horizontal merger is a merger between firms
A) earning roughly the same amount of profit.
B) producing roughly the same products.
C) regularly doing business of any sort with each other.
D) standing in a supplier-purchaser relationship.
E) that were previously independent.
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
Firm handshake
Cost of Laptops
Average Number of Days per Year with Thunderstorms
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011