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
18,454,567 questions answered
Popular Conversations
Give the values of a, b, and c from the general form of the equation ...
Weegy: hen the following quadratic equation is written in general form, what is the value of "c"? The formula of ...
11/26/2014 8:05:05 AM| 3 Answers
An object is dropped off a building that is 144 feet tall. After how ...
Weegy: 16t^2 = 144 Simplify, divide both sides by 16 t^2 = 9 t = 3 seconds User: The square of a number exceeds that ...
11/26/2014 8:02:05 AM| 2 Answers
A girl is now one-fourth as old as her father, and in seven years, ...
Weegy: father's age = 20; daughter's age = 5 father's age = 52; daughter's age = 13 father's age = 76; daughter's age = ...
11/26/2014 8:26:45 AM| 2 Answers
. Simplify this expression: 4p + 9 + (–7p) + 2 = ? A. –3p + ...
Weegy: C. s=40 User: Solve this equation: 80 = 3y + 2y + 4 + 1. A. y = 75 B. y = 15 C. y = 1/5 D. y = –15 ...
11/26/2014 8:28:06 AM| 2 Answers
White blood cells contain hemoglobin. (Points : 2) True ...
Weegy: hemoglobin stands for: a hemoprotein composed of globin and heme that gives red blood cells their characteristic ...
11/26/2014 12:44:06 PM| 2 Answers
double marginality
Weegy: According to Nicholas Alex, double marginality is the social burden that African American police officers carry ...
11/26/2014 2:10:01 PM| 2 Answers
If the protagonist tells the story himself, it is told in the ...
Weegy: The story is told in first person if it is told from the protagonist's point of view :)
11/26/2014 2:15:57 PM| 2 Answers
Weegy Stuff
S
L
1
L
P
C
1
P
C
1
L
P
C
1
Points 2814 [Total 14524]| Ratings 10| Comments 2714| Invitations 0|Offline
S
L
Points 1466 [Total 3752]| Ratings 0| Comments 1466| Invitations 0|Offline
S
Points 798 [Total 830]| Ratings 1| Comments 788| Invitations 0|Offline
S
L
Points 777 [Total 1298]| Ratings 6| Comments 717| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 768 [Total 14142]| Ratings 0| Comments 768| Invitations 0|Offline
S
1
L
L
Points 273 [Total 6667]| Ratings 0| Comments 273| Invitations 0|Offline
S
L
Points 162 [Total 1458]| Ratings 3| Comments 132| Invitations 0|Offline
S
Points 86 [Total 86]| Ratings 1| Comments 76| Invitations 0|Offline
S
Points 50 [Total 50]| Ratings 0| Comments 0| Invitations 5|Offline
S
Points 46 [Total 46]| Ratings 3| Comments 6| Invitations 1|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.