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

Author Question: If price is equal to short-run average variable cost, the firm is at the point known as: a. the ... (Read 22 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jul 1, 2018
If price is equal to short-run average variable cost, the firm is at the point known as:
 a. the break even point.
  b. the profit maximizing point.
  c. the shutdown point.
  d. the revenue maximizing point.

Question 2

The following are possible examples of price discrimination, EXCEPT:
 a. prices in export markets are lower than for identical products in the domestic market.
  b. senior citizens pay lower fares on public transportation than younger people at the same time.
  c. a product sells at a higher price at location A than at location B, because transportation costs are higher from the factory to A.
  d. subscription prices for a professional journal are higher when bought by a library than when bought by an individual.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jazzlynnnnn

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

c


erika

  • Member
  • Posts: 522
Reply 2 on: Jul 1, 2018
Excellent

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Label the cutbank and point bar on this image. Label the cutbank and point bar on this image.
A variable valve timing solenoid being controlled by applying voltage from the PCM. A variable valve timing solenoid being controlled by applying voltage from the PCM.
Ischemic compression (i.e., direct pressure) to a trigger point in the trapezius muscle. Ischemic compression (i.e., direct pressure) to a trigger point in the trapezius muscle.
Common trigger point locations, anterior and posterior. Common trigger point locations, anterior and posterior.
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Constructing a Three-Point Recombination Map Constructing a Three-Point Recombination Map
Video: Cell mediated immune response to a viral infection Animation

For a complete list of videos, visit our video library