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

Author Question: If a business firm operates indefinitely without covering any of its sunk costs, what happens to the ... (Read 264 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
If a business firm operates indefinitely without covering any of its sunk costs, what happens to the firm's sunk costs?
 
  A) Nothing happens to them; they have ceased to exist.
  B) They are distributed across the whole economy.
  C) They continue unpaid for as long as the firm fails to make a profit large enough to cover them.
  D) They reduce the wealth of the investors who risked their wealth to make mistaken decisions possible.

Question 2

When a firm hires 10 units of labor, 20 pens are produced. When it hires another unit of labor, the total output increases to 23 pens. If the price of one pen is 2, the value of marginal product of the eleventh unit of labor is:
 
  A) 1.50.
  B) 2.
  C) 4.
  D) 6.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


meagbuch

  • Member
  • Posts: 568
Reply 2 on: Jun 29, 2018
Gracias!

Liamb2179

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Covering the interior as soon as the vehicle comes in for service helps improve customer ... Covering the interior as soon as the vehicle comes in for service helps improve customer ...
Firm handshake Firm handshake
Business Math Business Math
Business Math Business Math
Business Math Business Math
Video: Elementary kinetics

For a complete list of videos, visit our video library