« previous next »

Author Question: Minimum efficient scale refers to the lowest level of output at which A) the firm can earn a ... (Read 16 times)

Engineer

  • Hero Member
  • *****
  • Posts: 527
on: Jul 1, 2018
Minimum efficient scale refers to the lowest level of output at which
 
  A) the firm can earn a profit.
  B) average cost is minimized.
  C) the firm will operate.
  D) the average cost curve is downward sloping.

Question 2

A monopsonist purchaser of labor that could negotiate a different wage for each worker could
 
  A) purchase less labor than a regular monopsonist.
  B) purchase more labor than a regular monopsonist.
  C) rotate the marginal expenditure curve to the left.
  D) shift the marginal expenditure curve to the left.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


moormoney

  • Sr. Member
  • ****
  • Posts: 326
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

Engineer

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Jul 1, 2018
Thank you


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e Testing Visual Fields by Confrontation: The nurse and patient should be approximately at an eye to e
Select the Code with the Highest Level of Specificity Select the Code with the Highest Level of Specificity
Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ... Drive-on ramps are dangerous to use. The wheels on the ground level must be chocked (blocked) to ...
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
Rising sea level: Some areas will be affected by a rise of just 40 cm Rising sea level: Some areas will be affected by a rise of just 40 cm
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library