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Author Question: Which type of firm produces the largest share of manufacturing output? A) proprietorships only ... (Read 39 times)

nevelica

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on: Jun 29, 2018
Which type of firm produces the largest share of manufacturing output?
 
  A) proprietorships only
  B) partnerships only
  C) corporations only
  D) Proprietorships and corporations are tied.

Question 2

Which of the following is TRUE for a profit maximizing monopolist?
 
  A) Marginal cost is always less than average total cost.
  B) In the long run, the firm's economic profit equals zero.
  C) In the short run, the firm will shut down if its marginal cost is less than its average variable cost.
  D) In the short run, the firm can make an economic profit even if its marginal cost is less than its average variable cost.


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upturnedfurball

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


nevelica

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

tranoy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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