Reference no: EM13986394
1. The output that maximizes profit is obtained where :
A) marginal benefit exceeds marginal cost by the greatest amount.
B) total benefit exceeds total cost by the greatest amount.
C) marginal benefit equals marginal cost.
D) total benefit exceeds total cost by the greatest amount and when marginal benefit equals marginal cost.
2. Perfect competition is characterized by:
A) rivalry in advertising.
B) fierce quality competition.
C) the inability of any one firm to influence price.
D) widely recognized brands.
3. If price is greater than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will:
A) produce at a loss.
B) produce at a profit.
C) shut down production.
D) produce more than the profit-maximizing quantity.
|
How much less massive are the fuel rods
: At typical nuclear power plants, refueling occurs every 18 months. Assuming that a plant has operated continuously since the last refueling and produces 1.0 GW of electrical power at an efficiency of 26%, how much less massive are the fuel rods a..
|
|
Why use utilization for existing equipment in operation
: What is the rationale for using the coefficient of variation c instead of the standard deviation σ as a measure of variability? Why use Utilization for existing equipment in operation and OEE for new proposed plant equipment
|
|
At what rate will the wheel process about the vertical
: Initially the axle of the spinning wheel is horizontal, and the wheel is suspended only from the string. We can ignore the mass of the axle and spokes. At what rate will the wheel process about the vertical?
|
|
Do you think that this is an ethical behavior
: Why do you think that they have made this change? Do you think that this is an ethical behavior for the companies of today? Why or why not?
|
|
The output that maximizes profit is obtained where
: The output that maximizes profit is obtained where : Perfect competition is characterized by: If price is greater than average total cost at the profit-maximizing quantity of output in the short run, a perfectly competitive firm will:
|
|
Estimate the maximum magnitude of the magnetic field
: You have a 10-V battery, a set of ten 50Ohm resistors, and a long (2m) connecting wire. Take the thickness of the wire to be 0.6mm and the radius of the solenoid to be 1cm. Estimate the maximum magnitude of the magnetic field that you can produce w..
|
|
Cost-volume-profit analysis
: Kruez& Company produces valves for the widget industry. Kruez's per unit sales price and variable costs are as shown.
|
|
Real business cycle theory-longrun aggregate demand
: In the real business cycle theory, if longrun aggregate supply increases, then longrun aggregate demand increases by
|
|
Find the minimum horizontal force f that must be applied
: A bicycle wheel of radium R= 37 cm and mass M= 2.7 kg is at rest against a step of height r=0.60 R. Find the minimum horizontal force F that must be applied to the axle to make the wheel start to rise up over the step.
|