This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When marginal revenue equals marginal cost, the firm just breaks even. a. True b. ... (Read 51 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
When marginal revenue equals marginal cost, the firm just breaks even.
 a. True
  b. False

Question 2

Which of the following would not bar entry into a market?
 a. control by a single firm of an essential resource
  b. the necessity of taking risks when starting a firm
  c. patents
  d. economies of scale
  e. government regulations limiting the number of firms in an industry


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Liddy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Typical Startup Cost Categories Typical Startup Cost Categories
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library