« previous next »

Author Question: A firm's profit is A) usually negative when opportunity costs are included. B) the difference ... (Read 89 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
on: Jul 1, 2018
A firm's profit is
 
  A) usually negative when opportunity costs are included.
  B) the difference between marginal revenue and marginal cost.
  C) the opportunity cost of the firm's shareholders.
  D) the difference between revenue and cost.

Question 2

In the reality TV show Storage Wars, people bid on the contents of repossessed storage units without being able to evaluate the contents. This is an example of a ________ auction.
 
  A) common value
  B) private value
  C) Dutch
  D) second-price


ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Control of thyroxine secretion through negative feedback. Control of thyroxine secretion through negative feedback.
Positive and negative selection during T-cell development. Positive and negative selection during T-cell development.
Resting Membrane Potential: Voltage Difference Resting Membrane Potential: Voltage Difference
Sheridan Motors is a car dealership that would like to investigate if there is a difference in ... Sheridan Motors is a car dealership that would like to investigate if there is a difference in ...
Difference between the house and the senate Difference between the house and the senate
Video: Role of transport in a cell

For a complete list of videos, visit our video library