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

Author Question: In the short-run for a purely competitive market, a manufacturer will stop production when: a. the ... (Read 120 times)

stock

  • Hero Member
  • *****
  • Posts: 573
on: Jul 1, 2018
In the short-run for a purely competitive market, a manufacturer will stop production when:
 a. the total revenue is less than total costs
  b. the contribution to fixed costs is zero or less
  c. the price is greater than AVC
  d. operating at a loss
  e. a and b

Question 2

A shoe producing firm decides to acquire a firm that produces shoe laces. This implies that
 a. The firm's aggregate demand will be less elastic than the individual demand
  b. The firm's aggregate demand will be more elastic than the individual demand
  c. The firm's aggregate demand will be of the same elasticity as the individual demand
  d. None of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sarahccccc

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

b

Answer to Question 2

b


stock

  • Hero Member
  • *****
  • Posts: 573
Reply #2 on: Jul 1, 2018
Thank you :)


sarahccccc

  • Sr. Member
  • ****
  • Posts: 318
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

How many pounds of yeast must the manufacturer start with to obtain 550 lb at the end of 12 h? How many pounds of yeast must the manufacturer start with to obtain 550 lb at the end of 12 h?
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
Products like Beano contain enzymes that help reduce the production of gas in the large intestine Products like Beano contain enzymes that help reduce the production of gas in the large intestine
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library