« previous next »

Author Question: The hidden-cost fallacy occurs when a. A firm considers irrelevant costs b. A firm ignores relevant ... (Read 62 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
The hidden-cost fallacy occurs when
 a. A firm considers irrelevant costs
 b. A firm ignores relevant costs
 c. A firm considers overhead or depreciation costs to make short-run decisions
 d. Both a and c

Question 2

The pricing rule MR=MC holds for
 a. All firms
 b. Single product firms
 c. Multiple product firms
 d. None of the above


akpaschal

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

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o Hip Typically occurs as a result of a fall; with osteoporosis, hip fractures can occur as a result o
Gas exchange occurs at the alveolar capillary membrane. Gas exchange occurs at the alveolar capillary membrane.
Splash blending occurs when the ethanol is added to a tanker with gasoline and is mixed as the ... Splash blending occurs when the ethanol is added to a tanker with gasoline and is mixed as the ...
Chlamydospore or spherule that occurs at body temperature. Chlamydospore or spherule that occurs at body temperature.
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her A cowbird with its foster parent. A female cowbird minimizes her cost of parental care by laying her
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library