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

Author Question: Consider two firms, A and B, that are producing the same product but with different marginal costs. ... (Read 51 times)

blkth103

  • Full Member
  • ***
  • Posts: 156
on: Oct 12, 2022
Consider two firms, A and B, that are producing the same product but with different marginal costs. In this case, we know that
◦ a reallocation of output between the firms can lower the industry's total cost.
◦ neither firm is producing its output at the lowest attainable cost.
◦ some resources must be unemployed.
◦ one firm is not maximizing profits.
◦ each firm is being wasteful.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by blkth103 on Oct 12, 2022

miro2222

  • Full Member
  • ***
  • Posts: 177
Reply #1 on: Oct 12, 2022
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 35% of students answer this correctly


blkth103

  • Member
  • Posts: 156
Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Energy costs of locomotion. Energy costs of locomotion.
A subdural hematoma. A meningeal vein is ruptured and blood has accumulated in the subdural space, p A subdural hematoma. A meningeal vein is ruptured and blood has accumulated in the subdural space, p
Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Producing cDNA from mRNA Producing cDNA from mRNA
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library