This topic contains a solution. Click here to go to the answer

Author Question: Based on the information in Scenario 15.7. You should A) keep the wine in barrels. B) sell the ... (Read 33 times)

2125004343

  • Hero Member
  • *****
  • Posts: 566
Based on the information in Scenario 15.7. You should
 
  A) keep the wine in barrels.
  B) sell the wine now, to get 18 per bottle in profit.
  C) keep the wine unless you expect the price to fall below 18 per bottle.
  D) keep the wine unless you expect the price to rise above 22 per bottle.
  E) not do anything until you find out what the interest rate is.

Question 2

Which of the following statements about natural monopolies is true?
 
  A) Natural monopolies are only found in the markets for natural resources (like crude oil and coal).
  B) For natural monopolies, marginal cost is always below average cost.
  C) For natural monopolies, average cost is always increasing.
  D) Natural monopolies cannot be regulated.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Rilsmarie951

  • Sr. Member
  • ****
  • Posts: 316
Answer to Question 1

E

Answer to Question 2

B




2125004343

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
Excellent


covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

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?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

For a complete list of videos, visit our video library