« previous next »

Author Question: A firm's producer surplus equals its economic profit when A) average variable costs are ... (Read 67 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jul 1, 2018
A firm's producer surplus equals its economic profit when
 
  A) average variable costs are minimized.
  B) average fixed costs are minimized.
  C) marginal costs equal marginal revenue.
  D) fixed costs are zero.
  E) total revenues equal total variable costs.

Question 2

Refer to Scenario 17.4. If the flood control system were in place, the firm could insure against a flood for an annual premium of
 
  A) 5,000.
  B) 10,000.
  C) 100,000.
  D) 200,000.
  E) 1,000,000.


vseab

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

A Scatterplot of the Test Scores and Average Grades of 10 Students A Scatterplot of the Test Scores and Average Grades of 10 Students
Economic and Social Development Economic and Social Development
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
economic question economic question
economic question economic question
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library