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Author Question: A profit-maximizing, price-taking firm should cease production whenever: a. the firm is making a ... (Read 228 times)

Awilson837

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on: Jun 30, 2018
A profit-maximizing, price-taking firm should cease production whenever:
 a. the firm is making a loss.
 b. the firm is earning zero economic profit.
 c. the price is less than minimum average fixed cost.
  d. the price is less than minimum average variable cost.

Question 2

The allocations of goods and services from one group in a society to another are called:
 a. mutually voluntary exchanges.
  b. in-kind transfers.
  c. grants.
  d. economic rents.
  e. transfer earnings.


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fur

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

d

Answer to Question 2

b


Awilson837

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  • Posts: 509
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Mochi

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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