The additional money she earns from dropping her

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The additional money she earns from dropping her price is known as the __________. Output effect Marginal revenue Price effect Opportunity cost
CONCEPT Revenue: Total, Marginal and Average 19
Given the information on this graph, this firm needs to produce which of the following number of units to start making a profit?
CONCEPT Breakeven Point 20 If the variable costs for a firm are $57, the fixed costs are $143, and the firm sells 40 units, what are the firm's average total costs?
CONCEPT Cost: Total, Marginal and Average 21 Given the graph shown here, when is the firm operating at a short run loss?
CONCEPT Shut-down Point 22 When Isabella and Sam chose to put up an affordable, maintenance-free plastic fence in their yard instead of the wrought-iron fence they preferred but could not afford on their budget, they demonstrated __________. consumer optimization labor/leisure trade-off profit maximization consumer surplus
CONCEPT Cost and Benefit Optimization for Consumers 23 Which one of the following is NOT an example of a practice that contributes to anthropomorphic climate change?
CONCEPT Assessing Costs of Anthropomorphic Climate Change--Regulatory Intervention 24 Which statement below is NOT true regarding short-run and long-run production constraints?
CONCEPT Resource Allocation for Firms 25 This graph below shows three indifference curves for blankets and pillow cases. Consider choice A and determine why this would NOT be the optimal choice.
CONCEPT Optimal Choice © 2020 SOPHIA Learning, LLC. SOPHIA is a registered trademark of SOPHIA Learning, LLC. About Contact Us Privacy Policy Terms of Use

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