« previous next »

Author Question: If a firm that uses a production process that yields economies of scale charges a price equal to ... (Read 49 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?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

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.

Hearing process Hearing process
Great Britain Production of Glass 1800s Great Britain Production of Glass 1800s
If the pump is not running, check the wiring and current flow before going through the process of ... If the pump is not running, check the wiring and current flow before going through the process of ...
pH Scale - Weak Acid and their conjugate Base pH Scale - Weak Acid and their conjugate Base
Glasgow Coma Scale (2 of 2) Glasgow Coma Scale (2 of 2)
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library