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Author Question: Entrepreneurs tend to have a comparative advantage in A) arbitrage. B) manipulating market ... (Read 65 times)

jasdeep_brar

  • Hero Member
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  • Posts: 569
on: Jun 29, 2018
Entrepreneurs tend to have a comparative advantage in
 
  A) arbitrage.
  B) manipulating market prices.
  C) stealing other people's ideas.
  D) selling their products below cost.
  E) hiring others to act as residual claimants.

Question 2

A firm should shut down in the short run if the price is less than the:
 
  A) average fixed cost.
  B) average total cost.
  C) average variable cost.
  D) marginal cost.


ambernicolefink

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

A

Answer to Question 2

C


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