This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When price is sufficient to cover average variable costs, firms suffering short-run losses will ... (Read 37 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535
on: Apr 19, 2019

Question 1

The long run industry supply curve is made up of the zero-profit equilibrium levels of output as the industry expands due to entry of new firms.


◦ true
◦ false

Question 2

When price is sufficient to cover average variable costs, firms suffering short-run losses will continue to operate rather than shut down.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by crobinson2013 on Apr 19, 2019

gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


crobinson2013

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Apr 19, 2019
Excellent


gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche A freshly applied autograft. Note that the donor skin has been perforated so that it can be stretche
The reflection nebula NGC 1999 is brilliantly illuminated by V380 Orionis (center), a variable star The reflection nebula NGC 1999 is brilliantly illuminated by V380 Orionis (center), a variable star
"Le Japon," cover of Paris Illustré. "Le Japon," cover of Paris Illustré.
A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ... A track inside an ignition coil is not a short, but rather it is a low-resistance path or hole that ...
How to solve a linear system when the variable is in the denominator position (Question 1 of 2) How to solve a linear system when the variable is in the denominator position (Question 1 of 2)
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library