This topic contains a solution. Click here to go to the answer

Author Question: If price is greater than the average variable cost, a profit-maximizing firm should: A) contract ... (Read 70 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
If price is greater than the average variable cost, a profit-maximizing firm should:
 
  A) contract production until price is equal to marginal cost.
  B) expand production until price is equal to marginal cost.
  C) contract production until total revenue is equal to total cost.
  D) expand production until total revenue is equal to total cost.

Question 2

People are most likely to make their opinions on a potential piece of legislation known to their representatives when
 
  A) the legislation matters greatly to them, whether or not it affects their private interests.
  B) the legislation will affect their private interests substantially.
  C) they believe their actions will make enough difference to justify the effort.
  D) they can do so at low cost to themselves.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshraies

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

B

Answer to Question 2

C




jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Wow, this really help


Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

For a complete list of videos, visit our video library