« previous next »

Author Question: Minimum efficient scale refers to the lowest level of output at which A) the firm can earn a ... (Read 77 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?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

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 first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Test for Depressive Symptoms: CED Scale Test for Depressive Symptoms: CED Scale
Stand in a doorway and hook your fingertips on both sides about chest level or lower. Stand in a doorway and hook your fingertips on both sides about chest level or lower.
When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV. When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV.
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
What is the minimum uncertainty in its position? What is the minimum uncertainty in its position?
AWG Scale and Ampacity AWG Scale and Ampacity
Video: Glucose Evaluation Procedure

For a complete list of videos, visit our video library