This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm receives 10 per unit at an equilibrium level of output of 80 units. The average total cost at ... (Read 89 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
A firm receives 10 per unit at an equilibrium level of output of 80 units. The average total cost at 80 units of output is 8 . The firm makes a total economic profit of:
 a. 120.
  b. 160.
  c. 100
 d. 80

Question 2

Why does the census data overstate inequality?
 a. They overestimate the non cash transfers received by the people from the government.
  b. They take into account the after-tax incomes.
  c. They take into account the gifts and transfer receipts from friends and relatives staying abroad.
  d. They do not consider the in-kind transfers received by the people from the government.
  e. They overestimate the medical benefits received by the people from the government.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ryansturges

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Menstrual cycle summary based on a 28-day (average) menstrual cycle. Menstrual cycle summary based on a 28-day (average) menstrual cycle.
Average Number of Hours Slept per Day by Various Mammalian Species Average Number of Hours Slept per Day by Various Mammalian Species
How to evaluate angles using cosecant, special triangles, and the unit circle (Part 3) How to evaluate angles using cosecant, special triangles, and the unit circle (Part 3)
How to convert between imperial and metric units (Part 1) How to convert between imperial and metric units (Part 1)
The Nile Delta will be strongly affected by a rise in sea level of 50 cm The Nile Delta will be strongly affected by a rise in sea level of 50 cm
What is the value of the equilibrium constant, K, at 25°C for the reaction? What is the value of the equilibrium constant, K, at 25°C for the reaction?
Video: Coronary Heart Disease

For a complete list of videos, visit our video library