Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 07, 2021

A firm's profit is positive only if its price exceeds its average cost. Select one: O True O False

Step by Step Solution

★★★★★

3.35 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

TRUE EXPLANATION the price tha... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions

Question

★★★★★

Electricity infrastructure (transmission lines, power plants, . ) is very expensive, but the marginal cost of producing electricity is very low. As a result, electricity producers are most likely to...

Answered: 1 week ago

Question

★★★★★

Select true or false for the following statements. 1. Inventory and accounts receivable are both carried at net realizable value. 2.Restricted cash should be reported on the balance sheet as part of...

Answered: 1 week ago

Question

★★★★★

QUESTION SEVEN Kasama Ltd manufactures two products (Pa and Ta) using similar methods and equipment. The company absorbs overheads into product costs using absorption costing based on labour hours....

Answered: 1 week ago

Question

★★★★★

Belle County Hospital needs a commercial property form that will allow it to continue operations without interruption if a covered loss occurs. Which form should the hospital purchase? OA) Building...

Answered: 1 week ago

Question

★★★★★

Match each of the numbered definitions with the correct term in the following list. Write the letter of your choice in the answer column. a. Beneficiary b. Bequest c. Codicil d. Decedent e. Devise f....

Answered: 1 week ago

Question

★★★★★

Different versions of the same gene are called________ and these different versions are produced by ________.

Answered: 1 week ago

Question

★★★★★

If X is exponential with rate , show that Y = [X]+1 is geometric with parameter p = 1 e, where [x] is the largest integer less than or equal to x.

Answered: 1 week ago

Question

★★★★★

In January, gross earnings in Gyro Company totaled $70,000. All earnings are subject to 8% FICA taxes, 5.4% state unemployment taxes, and 0.8% federal unemployment taxes. Prepare the entry to record...

Answered: 1 week ago

Question

★★★★★

Consider a bond with a face value of $ 1,000. The coupon payment is made semiannually and the yield to maturity on the bond is 12% (APR). How much would you pay for the bond if: The coupon rate is 8%...

Answered: 1 week ago

Question

★★★★★

On January 1, Year 1, Amco Ltd. and Newstar Inc. formed Bearcat Resources, a joint venture. Newstar contributed miscellaneous assets with a fair value of $844,000 for a 65% interest in the venture....

Answered: 1 week ago

Question

★★★★★

Example in which a unanimity rule might be a good option for making a group decision. Then, try to think of how unanimity rule might violate one or more of the six desirable featuresPublic economic

Answered: 1 week ago

Question

★★★★★

Sunita is unable to use an HR tool that was implemented last year in her firm. The tool encourages participation and interaction between employees and the management. The tool gives complete...

Answered: 1 week ago

Question

★★★★★

Visitthe Real Estate Institute for real estate agents in Western Australia and provide a brief outline on how they represent the industry?

Answered: 1 week ago

Question

★★★★★

A closed, rigid tank having a volume of 3 m ^ 3 initially contains air at 1 0 0 \\ you C , 4 . 4 bar, ^ and 4 0 % relative humidity. Determine the heat transfer, in kJ , if the tank contents are...

Answered: 1 week ago

Question

★★★★★

a) Analyse the reaction forces at support A and D. b) Compute the bending moment at B. CoursHeroTranscribedText A 275N B C y = 3 = f(x) = 5x - 3 100 7m 3m 10m D

Answered: 1 week ago

Question

★★★★★

Quantities on contamination. Regularly it is pushed that contamination decreases ought to be accomplished via tradeable outflows licenses, which if unreservedly exchanged may guarantee that decreases...

Answered: 1 week ago

Question

★★★★★

Suppose the current value of a popular stock index is 651.50 and the dividend yield on the index is 2.8%. Also, the yield curve is flat at a continuously compounded rate of 5.5%. If you estimate the...

Answered: 1 week ago

Question

★★★★★

On January 1, 2018, Khalid Ltd., which follows IAS 17, entered into an eight-year lease agreement for three dryers. Annual lease payments for the equipment are $28,500 at the beginning of each lease...

Answered: 1 week ago

Question

★★★★★

Reverse regression. A common method of analyzing statistical data to detect discrimination in the workplace is to fit the regression y = + x' + d + , (1) where y is the wage rate and d is a dummy...

Answered: 1 week ago

Question

★★★★★

In the generalized regression model, suppose that is known. a. What is the covariance matrix of the OLS and GLS estimators of ? b. What is the covariance matrix of the OLS residual vector e = y Xb?...

Answered: 1 week ago

Question

★★★★★

In the aforementioned study, Solow states: A scatter of q/A against k is shown in Chart 4. Considering the amount of a priori doctoring which the raw figures have undergone, the fit is remarkably...

Answered: 1 week ago

Question

★★★★★

Is the nicotine content of a cigarette related to the "tar"? A collection of data (in milligrams) on 29 cigarettes produced the scatterplot, residuals plot, and regression analysis shown: Dependent...

Answered: 1 week ago

Question

★★★★★

In the previous chapter, you looked at the relationship between the number of wins by American League baseball teams and the average attendance at their home games for the 2013 season. Here are the...

Answered: 1 week ago

Question

★★★★★

In Chapter 6, Exercise 39, we learned that the Office of Federal Housing Enterprise Oversight (OFHEO) collects data on various aspects of housing costs around the United States. Heres a scatterplot...

Answered: 1 week ago

Previous Question Next Question