Which of the following is the best example of a decreasing-cost industry?
A) the health care industry
B) the personal computer industry
C) the college-education industry
D) the oil industry
Answer: B
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When real interest rates in other countries rise relative to those the United States, all else held constant, we would expect the U.S. dollar to ________.
A. inflate B. depreciate C. appreciate D. deflate
Refer to the table below. If Sweet Grams is a perfectly competitive firm and the market price $1.25 per unit, what is the profit-maximizing quantity for Sweet Grams to produce at Plant 2?
Sweet Grams makes graham cracker snack packages. Sweet Grams is a multi-plant firm with two production facilities. The above table summarizes the total marginal cost of production at various output levels in the separate plants. Assume Sweet Grams is a perfectly competitive firm.
A) 32,000
B) 30,100
C) 27,000
D) 22,500
The monopolist is able to enjoy profits in the long run because:
A. the firm's price is set above its marginal costs. B. there is no threat of competition. C. the firm can charge a price higher than its average total costs in the long run. D. All of these statements are true.
Every firm has to bear its fixed costs even when it produces nothing
a. True b. False Indicate whether the statement is true or false