« previous next »

Author Question: Minimum efficient scale refers to the lowest level of output at which A) the firm can earn a ... (Read 70 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jul 1, 2018
Minimum efficient scale refers to the lowest level of output at which
 
  A) the firm can earn a profit.
  B) average cost is minimized.
  C) the firm will operate.
  D) the average cost curve is downward sloping.

Question 2

A monopsonist purchaser of labor that could negotiate a different wage for each worker could
 
  A) purchase less labor than a regular monopsonist.
  B) purchase more labor than a regular monopsonist.
  C) rotate the marginal expenditure curve to the left.
  D) shift the marginal expenditure curve to the left.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


moormoney

  • Sr. Member
  • ****
  • Posts: 326
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

Engineer

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Jul 1, 2018
Thank you


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

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?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ... Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ...
Test for Depressive Symptoms: CED Scale Test for Depressive Symptoms: CED Scale
The Wong/Baker FACES rating scale. The Wong/Baker FACES rating scale.
The major cortical input and output pathways of the posterior parietal association cortex. Shown are ... The major cortical input and output pathways of the posterior parietal association cortex. Shown are ...
Consider a two-period economy with no investment opportunities: first and second period output ... Consider a two-period economy with no investment opportunities: first and second period output ...
The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ... The mole fraction of oxygen in dry air near sea level is 0.20948, where the molar mass of ...
Video: Inflammatory response Animation

For a complete list of videos, visit our video library