« previous next »

Author Question: The supply curve for a competitive firm is A) its entire MC curve. B) the upward-sloping ... (Read 76 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 1, 2018
The supply curve for a competitive firm is
 
  A) its entire MC curve.
  B) the upward-sloping portion of its MC curve.
  C) its MC curve above the minimum point of the AVC curve.
  D) its MC curve above the minimum point of the ATC curve.
  E) its MR curve.

Question 2

Refer to Scenario 17.3. If there is no insurance and a fire protection program in place, the expected loss from fire for this company is
 
  A) 0.
  B) 300.
  C) 3,000.
  D) 6,000.
  E) 300,000.


hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
Reply #2 on: Jul 1, 2018
Thank you :)


hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

During their annual migration, the entire population of Arctic terns move from the Arctic Ocean in t During their annual migration, the entire population of Arctic terns move from the Arctic Ocean in t
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
How to create a sine equation when the curve is given How to create a sine equation when the curve is given
Starting at the waist, apply circular two-handed petrissage over the entire right side. Keep hands ... Starting at the waist, apply circular two-handed petrissage over the entire right side. Keep hands ...
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Interpreting a cladogram Animation

For a complete list of videos, visit our video library