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
17,894,442 questions answered
Popular Conversations
3x+3/18x= User: 10x+3/=
Weegy: this is quite simple, if you read over the question a few times and learn the tendencies. One number is ten ...
10/20/2014 5:27:08 PM| 5 Answers
Which value for x makes the sentence true? 8x = 3x 30
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: 7x - 5 = 3x + 11 Weegy: 8x + 3 = 7x - ...
10/20/2014 7:11:38 AM| 2 Answers
Which value for x makes the sentence true? 8x = 3x + 20
Weegy: 8x - 20 = 3x + 5; 8x - 3x = 5 + 20; 5x = 25; x = 25/5; x = 5 User: Which value of x makes the following ...
10/20/2014 7:16:30 AM| 2 Answers
Which value of x makes the following equation true? 3(x - 3) = -2x ...
Weegy: 6(x - 2) = -2x + 28 6x - 2 = -2x + 28 6x - 12 = 28 + 2x 8x - 12 = 28 8x = 28 + 12 8x = 40 x = 40/8 x = ...
10/20/2014 7:18:42 AM| 2 Answers
After the auditorium filled up,we seated about fifty people on the ...
Weegy: After the auditorium filled up, we seated about fifty people on the stage. The sentence structure is: ...
10/20/2014 9:35:49 AM| 2 Answers
When particles are moving between two phases and no net change in the ...
Weegy: When particles are moving between two phases and no net change in the amount of either phase occurs, ...
10/20/2014 10:33:23 AM| 2 Answers
Is the example a complete sentence, sentence fragment, or run-on ...
Weegy: The bird dove swiftly then it landed gently on the branch. This is B. Complete sentence. User: Is the example ...
10/20/2014 10:38:45 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2160 [Total 14535]| Ratings 0| Comments 2160| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1393 [Total 10874]| Ratings 3| Comments 1363| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 752 [Total 12981]| Ratings 0| Comments 752| Invitations 0|Offline
S
L
Points 472 [Total 1871]| Ratings 0| Comments 472| Invitations 0|Offline
S
1
L
L
Points 455 [Total 6249]| Ratings 3| Comments 425| Invitations 0|Offline
S
Points 401 [Total 401]| Ratings 0| Comments 371| Invitations 3|Offline
S
Points 319 [Total 320]| Ratings 3| Comments 289| Invitations 0|Online
S
Points 197 [Total 197]| Ratings 1| Comments 187| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 27 [Total 27]| Ratings 0| Comments 27| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.