This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a firm's markup? What does it show? What will be an ideal ... (Read 9 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
What is a firm's markup? What does it show?
 
  What will be an ideal response?

Question 2

Diminishing marginal returns means that the firm definitely is experiencing
 
  A) diseconomies of scale.
  B) constant returns to scale.
  C) Both answers A and B are correct.
  D) Neither answer A nor B is correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jaygar71

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

A firm's markup is the amount by which price exceeds marginal cost. A markup shows that buyers pay more than the firm's marginal cost.

Answer to Question 2

D


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Scattergrams are a mechanism used by political scientists to show patterns and relationships among v Scattergrams are a mechanism used by political scientists to show patterns and relationships among v
The Ford logo on display at the 2009 New York International Auto Show. The Ford logo on display at the 2009 New York International Auto Show.
The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ... The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ...
Assessing the degree of the burn. Bottom photos show (A) first-degree burn (sunburn) and (B) ... Assessing the degree of the burn. Bottom photos show (A) first-degree burn (sunburn) and (B) ...
Calculus help: Show that y has three points of inflection and they all lie on... Calculus help: Show that y has three points of inflection and they all lie on...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Acid-base imbalances - metabolic acidosis and alkalosis

For a complete list of videos, visit our video library