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9:39 ill LTE 1 < Back Assignment #7 Question 8 Not yet answered Points out of...
9:39 ill LTE 1 < Back Assignment #7 Question 7 Not yet answered Points out of...
9:39 ill LTE 1 < Back Assignment #7 Question 7 Not yet answered Points out of 1.00 Which of the following best states why why in the short run a firm may decide to continue to produce, even with economic losses? Select one: a. Price is greater than average variable cost but less tha average total cost. b. Total revenue is greater than total variable cost but less than total cost. c. All of the above are reasons for continuing...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm:...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
1:28 1 ill LTE . < Back Mid-Term Exam Time left 01... > Question 6 Not...
1:28 1 ill LTE . < Back Mid-Term Exam Time left 01... > Question 6 Not yet answered Points out of 1.00 In some days a healthcare facility receives more patients than other days and thus the cost of consumables goes up and down depending on the number of patients. This type of cost is called: Select one: a. Fixed cost 0 b. Marginal cost 0 c. Financial cost 0 0 d. Variable cost Clear my choice < Previous Next...
Question 7 Not yet anwed Points out of 1.00 P Flag question If a perfectly competitive...
Question 7 Not yet anwed Points out of 1.00 P Flag question If a perfectly competitive firm is producing 2.500 units and, at the 2,500th unit, the difference between marginal revenue and marginal cost (MR-MC) POsitive, which of the following is true? Select one: A. The firm shouid increase production to maximize profit B. The 2,500th unit costs more to produce than the firm earns in revenue O C. The firm should decrease production to maximize proft D. The inm...
Question 45 Not yet answered Marked out of 2.00 p Flag question Exhibit 8.9 Marginal cost...
Question 45 Not yet answered Marked out of 2.00 p Flag question Exhibit 8.9 Marginal cost 5 d Ps Average total cost 44 d4 D Dollars per unit 3 Average variable cost d, 0 99% Quantity per period 9 Refer to Exhibit 8.9 for a perfectly competitive firm's short-run output decisions. At price p5, the firm Refer to Exhibit 8.9 for a perfectly competitive firm's short-run output decisions. At price p5, the firm Select one: O a. produces at a...
A perfectly competitive firm faces a: Question 6 Not yet answered Points out of 1.00 Select...
A perfectly competitive firm faces a: Question 6 Not yet answered Points out of 1.00 Select one: a. perfectly elastic demand function. b. None of the answers is correct. c. perfectly inelastic demand function. p Flag question • d. demand function with unitary elasticity.
Which of the following is true with respect to a perfectly competitive firm? It will make...
Which of the following is true with respect to a perfectly competitive firm? It will make small economic profits always or go out of business A perfectly competitive firm has a perfectly inelastic demand curve At profit maximization the perfectly competitive firm operates where total revenue is maximized as well The perfectly competitive firms supply curve is its marginal cost curve above AVC All of the above are true with respect to a perfectly competitive firm Question 5 1 pts...
estion 9 yet wered its out of For the perfectly competitive firm,price MR; for the monopolistprice re _its marginal...
estion 9 yet wered its out of For the perfectly competitive firm,price MR; for the monopolistprice re _its marginal revenue curve, the monopolist's demand curve_ MR. The perfectly competitive firm's demand its marginal revenue curve. - Flag Select one: O a. less than greater than, lies below, lies above b. cquals; is greater than; is; lies above O c.equals, is less than is; lies below o d greater than, equals; lies above is Previous page Next page MacBook Air o...
please check my answers (3) Question 9 Not yet answered Points out of 1.00 Flag question If Happy Avocados control...
please check my answers (3)
Question 9 Not yet answered Points out of 1.00 Flag question If Happy Avocados controls 91 percent of the market for ready-made guacamole dip and the remaining 9 percent of the market includes many other smaller competing firms, Happy Avocados is a firm. Select one: A dominant B. monopoly C. perfectly competitive D. competitive fringe All of the following are examples ade except which one? Question 10 Not yet answered Points out of 10 p...
UUS ment_id 1332651_1&course id=_1773666 1&content_ide43267378 18 stepenuh Question completion Status QUESTION 16 In the long run...
UUS ment_id 1332651_1&course id=_1773666 1&content_ide43267378 18 stepenuh Question completion Status QUESTION 16 In the long run a firm will ext an industry if the market price is less than its break-even price shutdown price marginal cost fixed cost QUESTION 17 Different firms in a competitive industry will have differing shutdown they have different cost curves they are charging different prices they entered the indutry at different times they all have identical cost curves QUESTION 18 An industry's output is produced...
9:39 ill LTE 1 < Back Assignment #7 Question 7 Not yet answered Points out of 1.00 Which of the following best states why why in the short run a firm may decide to continue to produce, even with economic losses? Select one: a. Price is greater than average variable cost but less tha average total cost. b. Total revenue is greater than total variable cost but less than total cost. c. All of the above are reasons for continuing...
Question 7 5 pts Let's say that you know the following information for an oligopoly firm: Total Revenue equals $200 million. Variable Costs are $170 million. Fixed Costs equal $20 million. The firm is currently producing 2,000 products at the MC = MR point (and the MC curve is rising). What recommendation do you have for this firm? Assuming the firm's costs remain the same, the firm should produce fewer products in order to decrease its marginal costs. The profit...
1:28 1 ill LTE . < Back Mid-Term Exam Time left 01... > Question 6 Not yet answered Points out of 1.00 In some days a healthcare facility receives more patients than other days and thus the cost of consumables goes up and down depending on the number of patients. This type of cost is called: Select one: a. Fixed cost 0 b. Marginal cost 0 c. Financial cost 0 0 d. Variable cost Clear my choice < Previous Next...
Question 7 Not yet anwed Points out of 1.00 P Flag question If a perfectly competitive firm is producing 2.500 units and, at the 2,500th unit, the difference between marginal revenue and marginal cost (MR-MC) POsitive, which of the following is true? Select one: A. The firm shouid increase production to maximize profit B. The 2,500th unit costs more to produce than the firm earns in revenue O C. The firm should decrease production to maximize proft D. The inm...
Question 45 Not yet answered Marked out of 2.00 p Flag question Exhibit 8.9 Marginal cost 5 d Ps Average total cost 44 d4 D Dollars per unit 3 Average variable cost d, 0 99% Quantity per period 9 Refer to Exhibit 8.9 for a perfectly competitive firm's short-run output decisions. At price p5, the firm Refer to Exhibit 8.9 for a perfectly competitive firm's short-run output decisions. At price p5, the firm Select one: O a. produces at a...
A perfectly competitive firm faces a: Question 6 Not yet answered Points out of 1.00 Select one: a. perfectly elastic demand function. b. None of the answers is correct. c. perfectly inelastic demand function. p Flag question • d. demand function with unitary elasticity.
Which of the following is true with respect to a perfectly competitive firm? It will make small economic profits always or go out of business A perfectly competitive firm has a perfectly inelastic demand curve At profit maximization the perfectly competitive firm operates where total revenue is maximized as well The perfectly competitive firms supply curve is its marginal cost curve above AVC All of the above are true with respect to a perfectly competitive firm Question 5 1 pts...
estion 9 yet wered its out of For the perfectly competitive firm,price MR; for the monopolistprice re _its marginal revenue curve, the monopolist's demand curve_ MR. The perfectly competitive firm's demand its marginal revenue curve. - Flag Select one: O a. less than greater than, lies below, lies above b. cquals; is greater than; is; lies above O c.equals, is less than is; lies below o d greater than, equals; lies above is Previous page Next page MacBook Air o...
please check my answers (3)
Question 9 Not yet answered Points out of 1.00 Flag question If Happy Avocados controls 91 percent of the market for ready-made guacamole dip and the remaining 9 percent of the market includes many other smaller competing firms, Happy Avocados is a firm. Select one: A dominant B. monopoly C. perfectly competitive D. competitive fringe All of the following are examples ade except which one? Question 10 Not yet answered Points out of 10 p...
UUS ment_id 1332651_1&course id=_1773666 1&content_ide43267378 18 stepenuh Question completion Status QUESTION 16 In the long run a firm will ext an industry if the market price is less than its break-even price shutdown price marginal cost fixed cost QUESTION 17 Different firms in a competitive industry will have differing shutdown they have different cost curves they are charging different prices they entered the indutry at different times they all have identical cost curves QUESTION 18 An industry's output is produced...
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