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

Author Question: The function of economic institutions is to: a. determine the profit margin of producers. b. ... (Read 45 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The function of economic institutions is to:
 a. determine the profit margin of producers.
  b. determine how much an economy benefits from trade.
  c. define the environment in which we can trade.
  d. define the terms of trade between nations.

Question 2

The marginal cost curve intersects the average total cost curve at the firm's most efficient point of production.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

True


cool

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you :)


234sdffa

  • Sr. Member
  • ****
  • Posts: 341
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Pulmonary function test Pulmonary function test
Reaction velocity as a function of substrate concentration Reaction velocity as a function of substrate concentration
How to determine if a table of values represents a linear or quadratic relationship How to determine if a table of values represents a linear or quadratic relationship
Trigonometric Function Question Trigonometric Function Question
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Genome annotation of predicted biological function Genome annotation of predicted biological function
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library