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Author Question: In the mid-1990s, cattle ranchers in the United States kept raising cattle even though prices were ... (Read 83 times)

pepyto

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on: Jun 29, 2018
In the mid-1990s, cattle ranchers in the United States kept raising cattle even though prices were at a ten-year low and below average total cost. What is the likely explanation for this?
 
  A) The ranchers were hoping to receive government subsidies.
  B) The exit costs were too high.
  C) Continuing to operate resulted in smaller losses than would have been incurred by shutting down.
  D) Cattle is an important source of protein and its production is essential for the United States.

Question 2

Which of the following is not a characteristic of a monopolistically competitive firm in long-run equilibrium?
 
  A) Price is equal to average revenue. B) The firm has excess capacity.
  C) Marginal revenue is equal to marginal cost. D) Price is equal to marginal cost.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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nhea

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Reply #1 on: Jun 29, 2018
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.
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pepyto

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

billybob123

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Reply 3 on: Yesterday
Excellent

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