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

Author Question: In the long run which of the following is true? A) There are no fixed costs. B) The size of a ... (Read 51 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
In the long run which of the following is true?
 
  A) There are no fixed costs.
  B) The size of a firm's physical plant can be changed but the firm cannot adopt new technology.
  C) The firm can vary its explicit costs but not its implicit costs.
  D) Total cost = fixed cost + variable cost.

Question 2

If Paul decides to buy a 60 ticket to a Cirque du Soleil show rather than a 45 ticket for a Blue Man Group performance, we can conclude that
 
  A) the marginal utility per dollar spent on Cirque du Soleil is higher than the marginal utility per dollar spent on Blue Man Group.
  B) the marginal utility per dollar spent on Cirque du Soleil is lower than the marginal utility per dollar spent on Blue Man Group.
  C) Paul is not making a rational choice.
  D) Paul's demand for a ticket to see Cirque du Soleil is more elastic than his demand for a ticket to see Blue Man Group.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
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.
Answer Preview
Only 56% of students answer this correctly


Ebrown

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jun 29, 2018
Thank you :)


Heffejeff

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Local and long–distance cell communication in animals. Local and long–distance cell communication in animals.
Scale used to measure pupil size in millimeters. Scale used to measure pupil size in millimeters.
Nap master (fixed) Nap master (fixed)
Feng Mengbo, Long March: Restart. Feng Mengbo, Long March: Restart.
Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ... Sadie is going to see a movie and is taking her four kids. each movie ticket costs $15 and ...
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library