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

Author Question: If marginal cost exceeds average variable cost, then ________ cost is ________ as output increases. ... (Read 141 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
If marginal cost exceeds average variable cost, then ________ cost is ________ as output increases.
 
  A) average total; at a maximum
  B) average total; falling
  C) average variable; rising
  D) average fixed; at a maximum

Question 2

Buying a monopoly from the existing owner does not ensure an economic profit because
 
  A) the market for monopolies is a monopoly.
  B) competition among buyers drives up the cost of buying the firm.
  C) profits equal zero in the long run anyway.
  D) of the deadweight loss triangle.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nital

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
Gracias!

robbielu01

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho Running time on 100-meter sprint for men and women master athletes increases with age. Source: Korho
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)
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Polyploidy increases fruit size Polyploidy increases fruit size
Video: Aneurysm

For a complete list of videos, visit our video library