« previous next »

Author Question: A firm's total profit can be calculated as all of the following except A) total revenue minus ... (Read 189 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?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Profit-maximizing Chart Profit-maximizing Chart
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Total Fitness and Wellness, Brief Edition, 4th Edition Total Fitness and Wellness, Brief Edition, 4th Edition
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total
What is the total resistance of the circuit in Figure 1? 150 What is the total resistance of the circuit in Figure 1? 150
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library