« previous next »

Author Question: If a firm that uses a production process that yields economies of scale charges a price equal to ... (Read 54 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
If a firm that uses a production process that yields economies of scale charges a price equal to ________, then profit will be ________.
 
  A) marginal cost; negative
  B) marginal revenue; maximized
  C) marginal cost; maximized
  D) marginal revenue; positive
  E) marginal cost; positive

Question 2

Which of the following is false?
 
  A) International differences in tastes, if sufficiently large, could overturn the comparative advantage predictions of the HO model.
  B) The classical and HO models make similar assumptions about international differences in technology.
  C) The HO model predicts that some groups will be hurt by international trade.
  D) Both the classical and the HO models predict that countries gain from international trade.


gcook

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Decibel Scale of Frequently Heard Sounds Decibel Scale of Frequently Heard Sounds
The overall process of splicing The overall process of splicing
World Crude Oil Production and Reserves (Billions of Barrels) World Crude Oil Production and Reserves (Billions of Barrels)
Cancer cells can move to new locations in the body, a process called metastasis Cancer cells can move to new locations in the body, a process called metastasis
Diagrammatic representation of the process of molecular hybridization Diagrammatic representation of the process of molecular hybridization
The process of margination The process of margination
Video: Atrial natriuretic peptide (vasodilation) & Aldosterone

For a complete list of videos, visit our video library