« previous next »

Author Question: A firm's total profit can be calculated as all of the following except A) total revenue minus ... (Read 215 times)

jasdeep_brar

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
A firm's total profit can be calculated as all of the following except
 
  A) total revenue minus total cost.
  B) (price minus average total cost) times quantity sold.
  C) average profit per unit times quantity sold.
  D) marginal profit times quantity sold.

Question 2

Ordinarily, governments attempt to promote competition in markets. Why do governments use patents to block entry into some markets when this prohibits competition?
 
  A) Politicians sometimes succumb to pressure from lobbyists to grant favors to businesses for political reasons.
  B) Patents are an important source of government revenue.
  C) Patents are justified because they are an important means for creating network externalities.
  D) Patents encourage firms to spend money on research necessary to create new products.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

A Total Eclipse of the Sun A Total Eclipse of the Sun
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
One-handed kneading. Tissues are lifted with the whole hand in firm contact. One-handed kneading. Tissues are lifted with the whole hand in firm contact.
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library