Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Tneary Tneary
wrote...
Go to Answer
Posts: 463
Rep: 9 0
4 years ago

Question 1.

Suppose the extra cost for a company to advertise for one extra day each week in the local newspaper is $200. Then, the company should advertise on that additional day if it can generate additional revenue of $200 each week.



▸ true

▸ false

Question 2.

Which of the following statements about competition in a market is true?



▸

Competition forces firms to outsource the production of their labor-intensive products.



▸

Competition forces firms to add only low profit margins to their costs of production.



▸

Competition forces firms to undercut their selling price, thus benefiting consumers who will be able to purchase products at the lowest price possible.



▸

Competition forces firms to produce and sell products as long as the marginal benefit to consumers exceeds the marginal cost of production.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 39 times
1 Reply
Replies
Answer verified by a subject expert
Curtis x.Curtis x.
wrote...
#1
Posts: 377
Rep: 50 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tneary Author
wrote...

4 years ago
Smart ... Thanks!
my2redeyes
wrote...

Yesterday
Good timing, thanks!
halyna
wrote...

2 hours ago
Brilliant ツ
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1222 People Browsing
 114 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 692
  
 1654
  
 376
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Which of the following is the best resource to supplement your studies: