« 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 186 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?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
Red-bellied short-necked turtle Red-bellied short-necked turtle
Example of Reconciling a Bank Statement Cont. Example of Reconciling a Bank Statement Cont.
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Video: Causes of Acne

For a complete list of videos, visit our video library