« previous next »

Author Question: What is the difference between total cost and variable cost in the long run? What will be an ... (Read 78 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
What is the difference between total cost and variable cost in the long run?
 
  What will be an ideal response?

Question 2

A marginal tax rate is
 
  A) the fraction of each additional dollar of income that must be paid in taxes.
  B) the incremental income one must earn to offset each additional dollar of tax.
  C) the ratio of a change in income to a change in taxes paid.
  D) the fraction of income that must be paid in taxes.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


bookworm410

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

In the short run, total cost = variable cost + fixed cost; but in the long run, total cost = variable cost because there are no fixed costs in the long run.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

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?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
The asymmetrical appearance of Mira, an oscillating variable star. The asymmetrical appearance of Mira, an oscillating variable star.
the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
Variable Gases: Methane Variable Gases: Methane
How to Factor a Sum or Difference of Two Cubes How to Factor a Sum or Difference of Two Cubes
The Hotair long noncoding RNA regulates chromatin The Hotair long noncoding RNA regulates chromatin
Video: Frequency of stimulation and force (Recruitment of motor units and force)

For a complete list of videos, visit our video library