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

Author Question: If the total revenue curve lies completely below the total cost curve, economic profit is zero. a. ... (Read 122 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
If the total revenue curve lies completely below the total cost curve, economic profit is zero.
 a. True
  b. False

Question 2

Suppose Bank-in-the-Box is a monopolist in its market area. If the market wage rate of bank tellers rises, the bank will
 a. maintain price and suffer losses
  b. raise price and earn greater profit
  c. raise price but earn less profit
  d. lower price to boost sales
  e. shut down if AVC is less than price


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


jake

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Four Arch Curve Four Arch Curve
Typical Startup Cost Categories Typical Startup Cost Categories
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
economic question economic question
economic question economic question
economic question economic question
Video: Neuron Type Animation

For a complete list of videos, visit our video library