Author Question: Producer surplus measures the difference between total revenues and fixed cost a. True b. ... (Read 53 times)

asd123

  • Hero Member
  • *****
  • Posts: 557
Producer surplus measures the difference between total revenues and fixed cost
 a. True
  b. False

Question 2

Product differentiation helps determine the slope of the demand curve facing a firm in monopolistic competition.
 a. True
  b. False



memslove

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

memslove

  • Sr. Member
  • ****
  • Posts: 321

 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

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?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

For a complete list of videos, visit our video library