Author Question: If a firm that uses a production process that yields economies of scale charges a price equal to ... (Read 50 times)

P68T

  • Hero Member
  • *****
  • Posts: 509
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
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

For a complete list of videos, visit our video library