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Author Question: When price exceeds average variable cost for a firm, it is possible that: a. it is earning an ... (Read 89 times)

audragclark

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on: Jun 30, 2018
When price exceeds average variable cost for a firm, it is possible that:
 a. it is earning an economic profit.
  b. it is breaking even.
 c. it is suffering an economic loss.
  d. any of the above is true.

Question 2

When a low-income individual receives a transfer payment, that individual has less of an incentive to forgo leisure time for work time.
 a. True
  b. False
  Indicate whether the statement is true or false


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peter

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


audragclark

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ghepp

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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