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

Author Question: You are hired by Jimbo's Potato Farm to determine when Jimbo should shut down and produce no ... (Read 90 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jul 20, 2019
You are hired by Jimbo's Potato Farm to determine when Jimbo should shut down and produce no potatoes in the short run. Jimbo sells his potatoes in a perfectly competitive market. You tell Jimbo to shut down if:
◦ marginal revenue is less than marginal cost.
◦ price is less than average total cost when marginal revenue equals marginal cost.
◦ price is less than average variable cost when marginal revenue equals marginal cost.
◦ total cost is less than total revenue when marginal revenue equals marginal cost.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ENagel on Jul 20, 2019

ndhahbi

  • Sr. Member
  • ****
  • Posts: 390
Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


ENagel

  • Member
  • Posts: 540
Reply 2 on: Jul 20, 2019
:D TYSM

nanny

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

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?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu
Wild-Potato Vine Wild-Potato Vine
A farm family in Custer, Nebraska, in 1888, a region where Populist sentiment was strong. A farm family in Custer, Nebraska, in 1888, a region where Populist sentiment was strong.
How Much Food Does the World Produce Per Person? How Much Food Does the World Produce Per Person?
How to quickly determine the maximum or minimum value of a quadratic equation in standard form How to quickly determine the maximum or minimum value of a quadratic equation in standard form
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Muscle Twitch and Muscle Tension - Motor unit size and force

For a complete list of videos, visit our video library