« previous next »

Author Question: The hidden-cost fallacy occurs when a. A firm considers irrelevant costs b. A firm ignores relevant ... (Read 56 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jul 1, 2018
The hidden-cost fallacy occurs when
 a. A firm considers irrelevant costs
 b. A firm ignores relevant costs
 c. A firm considers overhead or depreciation costs to make short-run decisions
 d. Both a and c

Question 2

The pricing rule MR=MC holds for
 a. All firms
 b. Single product firms
 c. Multiple product firms
 d. None of the above


akpaschal

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

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?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Pott’s Occurs at the ankle and affects both bones of the lower leg (fibula and tibia) Pott’s Occurs at the ankle and affects both bones of the lower leg (fibula and tibia)
As in this photo from Tampa, Florida, hidden cameras now follow us almost everywhere we go. How do ... As in this photo from Tampa, Florida, hidden cameras now follow us almost everywhere we go. How do ...
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
Basic chemical structure and synthesis of catecholamines. The synthesis of norepinephrine occurs in ... Basic chemical structure and synthesis of catecholamines. The synthesis of norepinephrine occurs in ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library