Question: h . Cost minimisation is: A . Not necessary if profit - maximising firms use only one input. B . Not necessary if profit -

h. Cost minimisation is:
A. Not necessary if profit-maximising firms use only one input.
B. Not necessary if profit-maximising firms are in the short-run.
C. A necessary and sufficient condition for profit maximisation.
D. A necessary condition for profit maximisation.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Consider again the one-way ANOVA hypothesis test described in Problem 4. Address the multiple comparison problem by applying the Bonferroni, Tukey, and Scheff methods to obtain an overall confidence...

Q:

I need your help to answer these MCQs Pls. 11. The TVC of producing 2 units of output is $16. The TVC of producing 3 units of output is $20. The TVC of producing 4 units of output is $25. The MC of...

Q:

Read carefully, answer correctly (a) An international investor who expects that, in the future, a British pound() will buy $1.60 in U.S. currency instead of its current exchange rate of $1.50 may...

Q:

Can you help me write this part of this assignment please? Thank you ! Executive Summary SWOT (Strength, Weaknesses, Opportunities and Threats) Analysis Porter?s Five Forces Analysis Financial Ratio...

Q:

You are the Managing Director of a firm that builds new houses. Assume that the market for new houses is initially in equilibrium (where supply equals demand). Explain what would happen to the demand...

Q:

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Q:

Multiple Choice (TOTAL: 12 marks) In this section, write the letter (A, B, C, or D) of your choice of the correct answer. No mark will be given for justification or an explanation of your answer so...

Q:

A602 financial analysis template (colgate-Palmolive) I only need help with Common size and Financial Ratio. Note: Use care not to delete, hide or reorder workbook tabs (worksheets) in this workbook....

Q:

1. Chairs and tables are substitutes in production, therefore, if the price of chairs decreases, then A. we can predict that the price of tables will increase. B. we can predict that there will be no...

Q:

Hi Tutor, Please find the attached document. I think you can choose the company for Coca-Cola, because the company information is everywhere. Page 0 of 42 Your Name Here Your Company Name Here Annual...

Q:

Hi, I do financial accountability and reporting (acct 1048) and need an assignment done in 7 days. Would you be able to get this done? Thanks. AASB 16 February 2016 AASB Standard Leases Federal...

Q:

What is the primary difference between absorption costing and variable costing?

Q:

Why is mechanical weathering so important to chemical weathering?

Q:

( Concepts ) : Sketch the graph of one single function that satisfss all of the prove conditions below ( or state why it is impossible to construct spech a function: f ( 0 ) = 0 , f ' ( - 2 ) = f ' (...

Q:

What is the highest spectral order that can be seen if a grating with 6000 lines per cm is illuminated with 633-nm laser light? Assume normal incidence.

Q:

Two Polaroids are aligned so that the light passing through them is a maximum. At what angle should one of them be placed so that the intensity is subsequently reduced by half?

Q:

Repeat problem 43 assuming that the final image is located 25 cm from the eyepiece (near point of a normal eye).

Q:

What is the magnification of an astronomical telescope whose objective lens has a focal length of 76 cm and whose eyepiece has a focal length of 2.8 cm? What is the overall length of the telescope...

Q:

The eyepiece of a compound microscope has a focal length of 2.70 cm, and the objective lens has f =0.740 cm, if an object is placed 0.790 cm from the objective lens, calculate (a) The distance...

Q:

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

Q:

=b. A baseball pitcher who throws a strike 60 percent of the time and a ball 40 percent of the time.

Q:

=E* b. Revise the spreadsheet model in Figure 12.1 by using Excels VLOOKUP function instead of the IF function to generate each simulated flip of the coin. Then perform a computer simulation of one...

Q:

=12.1 and analyzed with computer simulation in Figures 12.1, 12.2, and 12.3. a. Simulate one play of this game by repeatedly flipping your own coin until the game ends. Record your results in the...