« previous next »

Author Question: Minimum efficient scale refers to the lowest level of output at which A) the firm can earn a ... (Read 78 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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Comparison of the level of skin damage as a result of the three different degrees of burns. Comparison of the level of skin damage as a result of the three different degrees of burns.
Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Temperament refers to stable differences in the emotional reactions of different children to similar ... Temperament refers to stable differences in the emotional reactions of different children to similar ...
Level II HCPCs Codes Cont. Level II HCPCs Codes Cont.
Control of blood glucose level. Control of blood glucose level.
The gap between the projected level of greenhouse gas emissions The gap between the projected level of greenhouse gas emissions
Video: Audiology

For a complete list of videos, visit our video library