« previous next »

Author Question: Entrepreneurs tend to have a comparative advantage in A) arbitrage. B) manipulating market ... (Read 98 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?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Balancing selection and heterozygote advantage. Balancing selection and heterozygote advantage.
Many types of edible fungi are grown for the market. Many types of edible fungi are grown for the market.
Comparative features of blood vessels. Comparative features of blood vessels.
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Hydroelectric power: 2013 Global Market Hydroelectric power: 2013 Global Market
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Appendicitis Animation

For a complete list of videos, visit our video library