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 64 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?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

(a) In normal nerve conduction, sodium ions (Na+) enter the sodium channels along a neuron and ... (a) In normal nerve conduction, sodium ions (Na+) enter the sodium channels along a neuron and ...
Economic and Social Development Economic and Social Development
Right lateral view showing low normal curves of the vertebral column Right lateral view showing low normal curves of the vertebral column
economic question economic question
economic question (having trouble) economic question (having trouble)
G-banded karyotype of a normal human male G-banded karyotype of a normal human male
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library