« 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 74 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?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

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

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

The characteristically small and relatively short-legged reindeer from Svalbard The characteristically small and relatively short-legged reindeer from Svalbard
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Health Care Costs for the Elderly and Disabled Health Care Costs for the Elderly and Disabled
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 ...
Experiments showing that long- or short-day plants flower in response to night length. Each horizont Experiments showing that long- or short-day plants flower in response to night length. Each horizont
Video: Ear Animation

For a complete list of videos, visit our video library