« previous next »

Author Question: Entrepreneurs tend to have a comparative advantage in A) arbitrage. B) manipulating market ... (Read 82 times)

jasdeep_brar

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Balancing selection and heterozygote advantage. Balancing selection and heterozygote advantage.
Darwin observed that tortoises on islands that are arid tend to have saddle-shaped shells, allowing Darwin observed that tortoises on islands that are arid tend to have saddle-shaped shells, allowing
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Main Hall, Trajan's Market Main Hall, Trajan's Market
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library