Write True or False 11. A production function does not show the amount of profit a...

Write True or False

11. A production function does not show the amount of profit a firm can make.

12. All production functions show diminishing marginal returns in the short run when an inout is fixed.

13. Under perfect competition the firms short run supply curve is its short run AVERAGE cost curve.

14. Under Perfect Competition the MARKET DEMAND curve is flat.

15. Under Perfect Competition firms may make positive profits in the short run.

16. Under Perfect Competition the firm has a positively sloped market demand curve.

Expert Solution

Ans

1 it only shows physical relationship between inputs and output so false

2 True thus is a general trend and is one of primary laws of economics

3 falls it is actually AVC curve above its minimum point

4 no firms demand curve is flat but market demand curve is downward sloping

5 True when price>ATC

6 false because it is flat as firm can't change price but sell all output at given price

Was required to answer only 4 parts according to Chegg policy but still answered all Please please like answer

Rahul Sunny answered 2 years ago

11. A fork() function call is a system call. true or false 12. A fork() function...

11. A fork() function call is a system call. true or false 12. A fork() function call in a user program is executed in user mode, not in kernel mode. true or false 13. Alice writes a high-level program using some programming language on her home desktop computer and using compilation it transforms into an executable file. Bob's home desktop computer will not execute Alice's executable file. What language was Alice's program written with? 14. Alice rewrites her high-level program...

Determine if the following statements are true or false. A. Suppose for a particular production function...

Determine if the following statements are true or false. A. Suppose for a particular production function that MPL = 36(K/L) and MPK = 36(L/K) The price of capital is $5 per unit and the price of labor is $125 per unit. At the cost-minimizing combination of capital and labor, the firm should employ five times as much capital as labor. B. The lower is the elasticity of substitution between capital and labor, the more inelastic labor demand will be. C....

Write TRUE if the statement is TRUE. If the statement is FALSE, write FALSE and explain...

Write TRUE if the statement is TRUE. If the statement is FALSE, write FALSE and explain why 3. The Commissioner of Internal Revenue may prescribe presumptive gross sales and receipts for a taxpayer when the latter fails to issue receipts and when he believes that the books or other records of the latter do not correctly reflect declarations in the return. 4. Jurisdiction is the power and authority of the court to hear, try, and decide a case. It can...

Please write “true” if the statement is true and “false” is the statement is false in...

Please write “true” if the statement is true and “false” is the statement is false in the space provided: ______ 1. A statistical hypothesis test tests the null hypothesis rather than the researcher’s hypothesis ______ 2. In most research situations, the goal is to reject the researcher’s hypothesis ______ 3. A decision to reject the null hypothesis means that the data do provide evidence of a treatment effect: the independent variable did have an effect on the dependent variable ______4....

True and False True/False Write True or False before the statement. 1. Gypsum is the brand...

True and False True/False Write True or False before the statement. 1. Gypsum is the brand name for sheetrock. 2. Coreboards and liner boards come in 2-foot widths. 3. Adhesives are not used for bonding gypsum board directly to supports. 4. Supplemental fasteners should be used with contact adhesives. 5. Gypsum panels are applied first to ceilings and then to the walls. 6. The floating angle method of drywall application omits fasteners in the corner intersection of the ceilings and...

18H. TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false....

18H. TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 11. Production of traded goods falls in countries that export them. 12. International trade allows the world to use its resources more efficiently but one country’s gains are another country’s losses. 13. A country’s ability to produce a specific good with fewer resources than another country determines whether it has an absolute advantage in producing the good. 14. Comparative advantage is based on the...

Write True or False. If False, rewrite the statement as a true. 9. When a collision...

Write True or False. If False, rewrite the statement as a true. 9. When a collision occurs between two objects, the vector sum of the momenta changes. 10. All collisions conserve momentum and can be distinguished on the basis of whether they also conserve kinetic energy. 11. During a hockey game, a stationary goalie stops a puck. If we know his kinetic energy after the save, we can determine the initial kinetic energy of the puck. 12. When two bodies...

Answer the following questions True or False. Write “True” or “False” in the blank. 1._________ The...

Answer the following questions True or False. Write “True” or “False” in the blank. 1._________ The rate constant changes if the concentrations of the reactant change. 2._________ If the concentration of a reactant changes, the rate of the reaction always changes. 3._________ The coefficients of the overall reaction tell us the order for each reactant. 4._________ The half-life for a first order reaction does not depend on the initial concentration. 5._________ If the rate of a reaction over a long...

True/ False Questions: For the following questions, first write whether they are true or false then...

True/ False Questions: For the following questions, first write whether they are true or false then write in a few sentences why it’s true or false. (1.5) a. The processes for producing penicillin and blue cheese both use the Penicillium fungus. b. The reproductive organs of Amanita muscaria are popular pizza toppings. c. The fungus Claviceps purpurea is thought to have triggered the infamous Salem witch trials. d. Saccharomyces cerevisiae is a common household bread mold. ...

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1)...

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1) Accounting is an information system that identifies, measures, records and 1) communicates relevant information that objectively and correctly represents an organization's economic activities. 2) The main objective of accounting is to help people to invest in new products and 2) businesses. 3) A sole proprietorship is a business owned by one or more persons. 3) 4) Unlimited liability is an advantage for both a...

Question