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

Author Question: Many country inns shut down in the off-season because a. the off-season market price falls below ... (Read 127 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Many country inns shut down in the off-season because
 a. the off-season market price falls below average total cost
  b. the off-season market price can't cover their average fixed cost
  c. the off-season revenue can't cover variable cost
  d. the off-season price is below the marginal cost of providing a room
  e. innkeepers are interested in maximizing revenue

Question 2

In the short run, a monopolist will always shut down when
 a. total cost is greater than total revenue at all output levels
  b. total variable cost is greater than fixed cost
  c. total revenue is greater than total variable cost at all output levels
  d. fixed cost is greater than total revenue at all output levels
  e. total variable cost is greater than total revenue at all output levels


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

parshano

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

E


vicky

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

ktidd

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Norway lobsters on sale at a Spanish market Norway lobsters on sale at a Spanish market
season of life season of life
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Page from a copy of Nizami's Khamseh (Quintet) illustrating a princely country feast, Persian, ... Page from a copy of Nizami's Khamseh (Quintet) illustrating a princely country feast, Persian, ...
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Pericarditis

For a complete list of videos, visit our video library