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

Author Question: The short-run cost function is: a. where all inputs to the production process are variable b. ... (Read 139 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jul 1, 2018
The short-run cost function is:
 a. where all inputs to the production process are variable
  b. relevant to decisions in which one or more inputs to the production process are fixed
  c. not relevant to optimal pricing and production output decisions
  d. crucial in making optimal investment decisions in new production facilities
  e. none of the above

Question 2

In the problem of double marginalization, the resulting price is ______than if the manufacturer and the retailer were to merge
 a. Higher
 b. Lower
 c. The same
 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

livaneabi

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


mynx

  • Member
  • Posts: 555
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Palatine process Palatine process
Refraction Through Uniform and Variable Thickness Glasses Refraction Through Uniform and Variable Thickness Glasses
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.
Start the fuel injector cleaning process by bringing the vehicle’s engine up to operating ... Start the fuel injector cleaning process by bringing the vehicle’s engine up to operating ...
How to evaluate and sketch a piecewise function containing absolutes (Part 2) How to evaluate and sketch a piecewise function containing absolutes (Part 2)
Derivative of Reciprocal Trig Function Derivative of Reciprocal Trig Function
Video: Neurotransmission at chemical synapses & Excitory and inhibitory potentials

For a complete list of videos, visit our video library