« previous next »

Author Question: If a firm's total variable cost exceeds its total revenue, the firm should stop production by ... (Read 213 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
If a firm's total variable cost exceeds its total revenue, the firm should stop production by shutting down temporarily.
 
  Indicate whether the statement is true or false

Question 2

Financial contributions to the campaigns of members of Congress, state legislators, and other elected officials by firms that seek special interest legislation that make the firms better off are
 
  A) illegal.
  B) the result of the voting paradox.
  C) irrational because elected officials will almost always act in the interest of the voters who have to pay the cost of the legislation.
  D) examples of rent seeking.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Ashley I

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

TRUE

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production Predicted effects of piscivores on planktivore, herbivore, and phytoplankton biomass and production
Controlled Experiments Manipulate a Variable Controlled Experiments Manipulate a Variable
Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme Block Diagram of a Dual-stage Pressure System for Dual-Stage Pressure Production of Nitric Acid Seme
Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ... Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ...
A certain car traveling at 34.0 mph skids to a stop in 29 meters from the point where the ... A certain car traveling at 34.0 mph skids to a stop in 29 meters from the point where the ...
question in cost accounting question in cost accounting
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library