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 84 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

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

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.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Common STIs in the United States Common STIs in the United States
Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ... Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ...
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
Production and Prices in Richland and Poorland Production and Prices in Richland and Poorland
Video: Mycobacterium tuberculosis: Drug Resistance and Natural Selection

For a complete list of videos, visit our video library