« previous next »

Author Question: In the short run, if a firm operates, it earns a profit of 500. The fixed costs of the firm are 100. ... (Read 34 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
In the short run, if a firm operates, it earns a profit of 500. The fixed costs of the firm are 100. This firm has a producer surplus of
 
  A) 500.
  B) 100.
  C) 400.
  D) 600.

Question 2

The difference between producer surplus and profit is always the associated with
 
  A) opportunity costs.
  B) total costs.
  C) variable costs.
  D) fixed costs.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


iman

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

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?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

The characteristically small and relatively short-legged reindeer from Svalbard The characteristically small and relatively short-legged reindeer from Svalbard
Rotary engine operates on the four-stroke cycle but uses a rotor instead of a piston and crankshaft ... Rotary engine operates on the four-stroke cycle but uses a rotor instead of a piston and crankshaft ...
Short, Upbeat Massage Sessions can Improve Mental Alertness. Short, Upbeat Massage Sessions can Improve Mental Alertness.
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
How to calculate fuel costs How to calculate fuel costs
Video: Male Reproductive System - The gonadotropin releasing hormone

For a complete list of videos, visit our video library