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 162 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
Gracias!

xiazhe

  • Member
  • Posts: 331
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

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

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

The United States in the Caribbean and Central America The United States in the Caribbean and Central America
The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row The “Big Four” world leaders meet at the Hotel Crillon in Paris, 1919. From left to right (front row
In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ... In 2008, Barack Obama was elected president of the United States, the first minority to achieve this ...
Leading Sites of Cancer Deaths in the United States, 2013 Leading Sites of Cancer Deaths in the United States, 2013
States and territories that have adopted their own version of HAZWOPER for all workers are shown in ... States and territories that have adopted their own version of HAZWOPER for all workers are shown in ...
Video: Enzyme-Catalyzed Reactions

For a complete list of videos, visit our video library