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

Author Question: Many country inns shut down in the off-season because a. the off-season market price falls below ... (Read 104 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Many country inns shut down in the off-season because
 a. the off-season market price falls below average total cost
  b. the off-season market price can't cover their average fixed cost
  c. the off-season revenue can't cover variable cost
  d. the off-season price is below the marginal cost of providing a room
  e. innkeepers are interested in maximizing revenue

Question 2

In the short run, a monopolist will always shut down when
 a. total cost is greater than total revenue at all output levels
  b. total variable cost is greater than fixed cost
  c. total revenue is greater than total variable cost at all output levels
  d. fixed cost is greater than total revenue at all output levels
  e. total variable cost is greater than total revenue at all output levels


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

E


vicky

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
Excellent

anyusername12131

  • Member
  • Posts: 327
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Suicide and Season of Birth Suicide and Season of Birth
Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ... Walter Thompson saw his assets evaporate during the stock market collapse in 1929. Desperate for ...
The shut-off switch on a GM parallel hybrid truck is green because this system uses 42 volts instead ... The shut-off switch on a GM parallel hybrid truck is green because this system uses 42 volts instead ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Proteins Defined, Hierarchy & Composition of Cells

For a complete list of videos, visit our video library