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

Author Question: In the mid-1990s, cattle ranchers in the United States kept raising cattle even though prices were ... (Read 103 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 29, 2018
In the mid-1990s, cattle ranchers in the United States kept raising cattle even though prices were at a ten-year low and below average total cost. What is the likely explanation for this?
 
  A) The ranchers were hoping to receive government subsidies.
  B) The exit costs were too high.
  C) Continuing to operate resulted in smaller losses than would have been incurred by shutting down.
  D) Cattle is an important source of protein and its production is essential for the United States.

Question 2

Which of the following is not a characteristic of a monopolistically competitive firm in long-run equilibrium?
 
  A) Price is equal to average revenue. B) The firm has excess capacity.
  C) Marginal revenue is equal to marginal cost. D) Price is equal to marginal cost.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nhea

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


pepyto

  • Member
  • Posts: 547
Reply 2 on: Jun 29, 2018
:D TYSM

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

The United States, 1819 The United States, 1819
A fuel pump in a farming area that clearly states the red diesel fuel is for off-road use only ... A fuel pump in a farming area that clearly states the red diesel fuel is for off-road use only ...
Primary causes of chronic liver disease in the United States. Primary causes of chronic liver disease in the United States.
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Prices in Japan before and after Opening to Trade Prices in Japan before and after Opening to Trade
Nutrias native to South America are abundant in freshwater marshes of the Gulf States. Their populat Nutrias native to South America are abundant in freshwater marshes of the Gulf States. Their populat
Video: Simple Diffusion - gases and nonpolar compounds transport

For a complete list of videos, visit our video library