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Author Question: In the long run which of the following is true? A) There are no fixed costs. B) The size of a ... (Read 54 times)

Ebrown

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on: Jun 29, 2018
In the long run which of the following is true?
 
  A) There are no fixed costs.
  B) The size of a firm's physical plant can be changed but the firm cannot adopt new technology.
  C) The firm can vary its explicit costs but not its implicit costs.
  D) Total cost = fixed cost + variable cost.

Question 2

If Paul decides to buy a 60 ticket to a Cirque du Soleil show rather than a 45 ticket for a Blue Man Group performance, we can conclude that
 
  A) the marginal utility per dollar spent on Cirque du Soleil is higher than the marginal utility per dollar spent on Blue Man Group.
  B) the marginal utility per dollar spent on Cirque du Soleil is lower than the marginal utility per dollar spent on Blue Man Group.
  C) Paul is not making a rational choice.
  D) Paul's demand for a ticket to see Cirque du Soleil is more elastic than his demand for a ticket to see Blue Man Group.
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Heffejeff

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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.
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Ebrown

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Reply #2 on: Jun 29, 2018
Thank you :)


Heffejeff

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Reply #3 on: Jun 29, 2018
Happy to help you


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