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

Author Question: If the total revenue curve lies completely below the total cost curve, economic profit is zero. a. ... (Read 108 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
If the total revenue curve lies completely below the total cost curve, economic profit is zero.
 a. True
  b. False

Question 2

Suppose Bank-in-the-Box is a monopolist in its market area. If the market wage rate of bank tellers rises, the bank will
 a. maintain price and suffer losses
  b. raise price and earn greater profit
  c. raise price but earn less profit
  d. lower price to boost sales
  e. shut down if AVC is less than price


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


jake

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Excellent

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

How to find the equation of a cosine curve How to find the equation of a cosine curve
Relationship between Economic Openness and GDP per Capita Relationship between Economic Openness and GDP per Capita
economic question economic question
economic question economic question
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library