« previous next »

Author Question: The owners will shut down a perfectly competitive firm if the price of its good falls below its ... (Read 90 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
on: Jun 29, 2018
The owners will shut down a perfectly competitive firm if the price of its good falls below its minimum
 
  A) average total cost.
  B) average marginal cost.
  C) average variable cost.
  D) wage rate.

Question 2

By making most of its employees owners of the company, United Airlines attempted to
 
  A) cope with the unlimited liability problem.
  B) change its business organization from a corporation to a partnership.
  C) address the principal-agent problem between the workers and managers.
  D) increase the role of the command system in managing the firm.


Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Wahkeena Falls at Columbia River Gorge in Oregon in the autumn. Wahkeena Falls at Columbia River Gorge in Oregon in the autumn.
The shut-off switch on a GM parallel hybrid truck is green because this system uses 42 volts instead ... The shut-off switch on a GM parallel hybrid truck is green because this system uses 42 volts instead ...
The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ... The learning and retention of the mirrordrawing task by H.M. Despite his good retention of the task, ...
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Sol Duc Falls in Olympic National Park, Washington. Sol Duc Falls in Olympic National Park, Washington.
Video: Ear Animation

For a complete list of videos, visit our video library