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

Author Question: Which of the following firms is most likely to have a constant marginal cost? A) A firm that is a ... (Read 64 times)

abc

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
Which of the following firms is most likely to have a constant marginal cost?
 
  A) A firm that is a price taker
  B) A firm that has extremely high fixed costs
  C) A firm that has extremely high variable costs
  D) A firm that faces a horizontal demand curve

Question 2

Which of the following is not an important difference between privately-owned enterprises and government institutions?
 
  A) Decision makers confront different sets of incentives.
  B) Different kinds of information are available to decision makers.
  C) Government has the generally acknowledged right to use coercion.
  D) Self-seeking motives are less characteristic of government employees.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


abc

  • Hero Member
  • *****
  • Posts: 543
Reply #2 on: Jun 29, 2018
Correct answers!


yuyiding

  • Sr. Member
  • ****
  • Posts: 357
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Cost of Going to School Cost of Going to School
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 ...
The charge for telephone calls T is partly constant and partly varies with the number N of ... The charge for telephone calls T is partly constant and partly varies with the number N of ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library