« previous next »

Author Question: If price is equal to short-run average variable cost, this price is known as a. the break-even ... (Read 56 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jul 1, 2018
If price is equal to short-run average variable cost, this price is known as
 a. the break-even price.
  b. the profit-maximizing price.
  c. the shutdown price.
  d. the revenue-maximizing price.

Question 2

Which of the following conditions would result in the short run marginal cost curve not correctly reflecting the supply behavior of a profit maximizing firm?
 a. The firm is a price taker.
  b. Price exceeds average total cost.
  c. The elasticity of demand facing the firm is 3.
  d. the firm can vary several inputs in the short run.


nicoleclaire22

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

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

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

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?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

On average, students in Roman Catholic schools score higher on national tests than students in ... On average, students in Roman Catholic schools score higher on national tests than students in ...
An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ... An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ...
How to find the derivative of a function when the base and exponent contain a variable x^x How to find the derivative of a function when the base and exponent contain a variable x^x
Average Global Temperatures Average Global Temperatures
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ... Planet Z-34 has a mass equal to 1/3 that of Earth, a radius equal to 1/3 that of Earth, and an ...
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library