You have new items in your feed. Click to view.
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
25,803,620 questions answered
Popular Conversations
How many terms are in the expression shown below? a2 - ab + 8b + b2 ...
Weegy: There are 5 terms in the expression a2 - ab + 8b + b2 - 1. User: Simplify 8 - {x - (5 + x)}. 3 13 -2x + ...
7/28/2016 2:50:36 PM| 4 Answers
Which of the following most accurately describes Juliet's feelings ...
Weegy: She is worried that something has happened to Romeo is most accurately describes Juliet's feelings while waiting ...
7/28/2016 9:29:26 AM| 2 Answers
Evaluate 7 + (-4x2) for x = 0. 0 3 7 23
Weegy: 7 + (-4x^2) for x = 0 = 7 + [-4(0)^2]; = 7 + 0; = 7 User: Simplify -|-7 + 4|. User: Simplify -|-7 + ...
7/28/2016 3:15:42 PM| 2 Answers
what means cogito ergo sum?
7/28/2016 1:41:48 AM| 1 Answers
Weegy Stuff
S
P
L
Points 622 [Total 1372] Ratings 3 Comments 592 Invitations 0 Offline
S
L
P
P
P
Points 399 [Total 3147] Ratings 0 Comments 399 Invitations 0 Offline
S
P
Points 319 [Total 578] Ratings 1 Comments 309 Invitations 0 Offline
S
Points 317 [Total 738] Ratings 2 Comments 297 Invitations 0 Offline
S
L
P
P
P
Points 112 [Total 3816] Ratings 0 Comments 112 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
Points 21 [Total 71] Ratings 2 Comments 1 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
L
Points 3 [Total 1766] Ratings 0 Comments 3 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.