Question and answer
A firm that owns a wheat farm, a grain elevator, a flour mill, a commercial bakery, and a grocery store chain is
vertically integrated.
Question
Asked 6/20/2013 6:37:14 PM
Updated 6/20/2013 6:53:26 PM
2 Answers/Comments
Get an answer
New answers
Rating
1
vertically integrated.
Added 6/20/2013 6:46:44 PM
Rated good by mnm
Comments
Average fixed cost plus average variable cost equals
average total cost


The technical relationship between inputs and outputs, which is needed to understand the difference between the short run and the long run, is called
a production function

When the marginal product curve is declining because of
diminishing returns, the marginal cost curve is rising

The cost of alternatives given up that do not carry dollar costs is
considered an implicit cost


Nonprofit firms, both private and governmental, may differ in behavior from profit-seeking private firms because
there is no residual claimant

Because of diminishing marginal product in the short run, a tripling of the total product (assuming input prices are constant) requires
more than a tripling of total variable cost.

The Southern Tree Trimming Corporation reported an accounting profit of $35,000 and a normal rate of return of 15 percent on capital and enterprise of $30,000. The opportunity cost of labor is $15,500. What is the economic profit?
$15,000

A(n) _______ is organized by an entrepreneur (or group of entrepreneurs) to combine inputs of raw materials, capital, labor services, and technology in order to produce marketable outputs of goods and services.
firm
Added 6/20/2013 6:53:26 PM
Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
A firm that owns a wheat farm, a grain elevator, a flour mill, a commercial bakery, and a grocery store chain is
Weegy: Flour Milling Industry (More)
Question
Expert Answered
Asked 6/20/2013 6:37:30 PM
0 Answers/Comments
A(n) _______ is organized by an entrepreneur (or group of entrepreneurs) to combine inputs of raw materials, capital, labor services, and technology in order to produce marketable outputs of goods and services.
Weegy: A FIRM is organized by an entrepreneur (or group of entrepreneurs) to combine inputs of raw materials, capital, labor services, and technology in order to produce marketable outputs of goods and services. (More)
Question
Expert Answered
Asked 6/20/2013 6:48:08 PM
0 Answers/Comments
19,743,948 questions answered
Popular Conversations
How far does a boat travel in 3 hours at 65 miles per hour?
Weegy: A boat travel in 3 hours at 65 miles per hour is 195 miles far. 3 hours * 65 miles/hour = 195 miles User: ...
3/2/2015 9:48:36 AM| 6 Answers
Evaluate the following expression. (81)0 0 1 8 User: ...
Weegy: Answer : If m=2 and n= -1 To evaluate m0 - n2 is 2(0) - -1 (2) = 0 - -2 = =+2 or simply 2 User: Evaluate the ...
3/2/2015 11:47:48 AM| 6 Answers
Describe the location of the point that has the following ...
Weegy: First Quadrant. User: Find the value of 7 + 32 (-5 + 1) ÷ 2. User: What is the fractional equivalent of ...
3/2/2015 10:04:10 AM| 5 Answers
Simplify 7 · 6 · 2h · d.
Weegy: Please state your question again. The one that you have put cannot be understood by Weegy! User: Simplify 7 · ...
3/2/2015 1:02:06 PM| 5 Answers
Factor 49t 6 - 4k 8
Weegy: 49t^6 - 4k^8 = (7t^3 + 2k^4)(7t^3 - 2k^4) User: Factor -5x 2 y + 10xy - 15xy 2 Weegy: Factor completely: ...
3/2/2015 2:56:09 PM| 4 Answers
The first term of a geometric sequence is 7, and the ratio ...
Weegy: The ratio is 2/1. User: What is the 6th term of the following geometric sequence? 2,-14,98,-686
3/2/2015 9:59:00 AM| 3 Answers
Simplify -(4) to the -3 power User: Simplify -6 to the 0 power ...
Weegy: 4/5^-2 = 4/(1/5^2) = 4/(1/25) = 4 * 25/1 = 100/1 = 100
3/2/2015 8:20:12 PM| 3 Answers
All squares are rectangles. true or false
Weegy: A square is ALWAYS a rectangle. User: What is the most precise name for quadrilateral ABCD with vertices ...
3/2/2015 6:14:08 AM| 2 Answers
Which of the following ordered pairs is a solution of 2x - y = -9?
Weegy: The answers is 2x+9/x-2. User: Which of the following ordered pairs is a solution of 2x - y = -9? (4, -1) (3, ...
3/2/2015 8:52:55 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 167 [Total 8053]| Ratings 0| Comments 167| Invitations 0|Offline
S
1
L
L
Points 41 [Total 7542]| Ratings 0| Comments 41| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 31 [Total 7338]| Ratings 0| Comments 31| Invitations 0|Offline
S
Points 16 [Total 107]| Ratings 0| Comments 16| Invitations 0|Offline
S
Points 11 [Total 379]| Ratings 0| Comments 11| Invitations 0|Offline
S
Points 10 [Total 126]| Ratings 1| Comments 0| Invitations 0|Offline
S
Points 10 [Total 10]| Ratings 1| Comments 0| Invitations 0|Offline
S
Points 10 [Total 240]| Ratings 1| Comments 0| Invitations 0|Offline
S
1
Points 4 [Total 915]| Ratings 0| Comments 4| Invitations 0|Offline
S
1
L
Points 2 [Total 3160]| Ratings 0| Comments 2| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.