« previous next »

Author Question: Economic profits are earned when A) price equals marginal cost. B) price equals average variable ... (Read 366 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 30, 2018
Economic profits are earned when
 A) price equals marginal cost.
  B) price equals average variable costs.
  C) price equals average total costs.
  D) price is greater than average total costs.

Question 2

To gain market share
 A) a firm needs to be in a competitive market.
  B) a firm needs to limit substitutes.
  C) a firm needs to produce a commodity.
  D) a firm needs to be a substitute for other products


thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

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

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.

Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
economic question economic question
economic question economic question
Video: Factors that affect conduction rates (myelination, axon diameter & temperature)

For a complete list of videos, visit our video library