This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The shutdown decision can be restated in terms of producer surplus by saying that a firm should ... (Read 57 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jul 1, 2018
The shutdown decision can be restated in terms of producer surplus by saying that a firm should produce in the short run as long as
 
  A) revenue exceeds producer surplus.
  B) producer surplus is positive.
  C) producer surplus exceeds fixed cost.
  D) producer surplus exceeds variable cost.
  E) profit and producer surplus are equal.

Question 2

With increasing returns to scale, isoquants for unit increases in output become
 
  A) farther and farther apart.
  B) closer and closer together.
  C) the same distance apart.
  D) none of these.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leeeep

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Haya94

  • Member
  • Posts: 558
Reply 2 on: Jul 1, 2018
Excellent

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Decision Making Decision Making
Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
Sibling relationships can be intense, in terms of both having fun together and engaging in conflict. Sibling relationships can be intense, in terms of both having fun together and engaging in conflict.
Medical Terms and Corresponding Synonyms Cont Medical Terms and Corresponding Synonyms Cont
How to divide imaginary terms and complex numbers How to divide imaginary terms and complex numbers
Producer acquiring energy and nutrients from the environment Producer acquiring energy and nutrients from the environment
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library