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

Author Question: In the short run a firm should shut down if it cannot A) make normal profits. B) make economic ... (Read 23 times)

fahad

  • Hero Member
  • *****
  • Posts: 570
on: Jul 1, 2018
In the short run a firm should shut down if it cannot
 
  A) make normal profits.
  B) make economic profits.
  C) cover its variable costs.
  D) cover its fixed costs.

Question 2

Catherine is risk averse. When faced with a choice between a gamble and a certain level of wealth, she will
 
  A) always prefer the gamble.
  B) always prefer the certain level of wealth.
  C) prefer the gamble if the expected utility from it is higher than the utility from the certain level of wealth.
  D) prefer the certain level of wealth if the expected utility from the gamble is higher than the utility of the certain level of wealth.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


fahad

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jul 1, 2018
Correct answers!


aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Density of Papillae, and Hence Taste Buds, in a Supertaster and in a Normal Taster Density of Papillae, and Hence Taste Buds, in a Supertaster and in a Normal Taster
A normal chest X-ray. A normal chest X-ray.
IPCC economic scenarios IPCC economic scenarios
Social Capability and Economic Growth Social Capability and Economic Growth
economic question economic question
economic question economic question
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library