« previous next »

Author Question: Comment on the following statement: In the short run, a firm's total costs will be zero if the firm ... (Read 141 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
Comment on the following statement: In the short run, a firm's total costs will be zero if the firm chooses to produce nothing.
 
  What will be an ideal response?

Question 2

The marginal social cost is the cost of producing an additional unit of a good or service that falls on people other than the producer of the good or service.
 
  Indicate whether the statement is true or false


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

The statement is likely to be false. If a firm has any fixed costs at all, the firm's total costs will not be equal to zero even if it produces zero output.

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

EY67

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: Jun 29, 2018
Thank you :)


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
A Total Eclipse of the Sun A Total Eclipse of the Sun
Percentages of adolescents indicating Benefits and Costs of employment. Percentages of adolescents indicating Benefits and Costs of employment.
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
Video: Retina

For a complete list of videos, visit our video library