This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater ... (Read 755 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater factory.
 
  In the following graph, the relationship between costs and output for the smaller factory is represented by the curve ATC1, and the relationship between costs and output for the larger factory is represented by the curve ATC2.
 
  a. If Argyle expects to produce 3,600 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain?
  b. If Argyle expects to produce 5,000 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain.
  c. If the average cost of producing sweaters is lower in the larger factory when Argyle produces 6,500 sweaters per week, why isn't it also lower when Argyle produces 4,000 sweaters per week?

Question 2

A price-discriminating firm charges the highest price to
 
  A) the group with the least elastic demand. B) the group with demand that is unit elastic.
  C) the group with the largest demand. D) the group with the most elastic demand.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


petrik mur

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Apr 22, 2020
thank you


harsh ladani

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Nov 26, 2020
Thank you


rocky2002

  • Newbie
  • *
  • Posts: 2
Reply #4 on: Nov 30, 2020
Thank You


Linda Zhang

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Dec 2, 2020
Thank you


Goddess Galore Beauty

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Dec 2, 2020
thank you


« previous next »
 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan. Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan.
Renzo Piano Building Workshop, International departures lounge, Kansai International Airport, Osaka, ... Renzo Piano Building Workshop, International departures lounge, Kansai International Airport, Osaka, ...
A factory replacement unit for a CSFI unit that has individual injectors at the ends that go into ... A factory replacement unit for a CSFI unit that has individual injectors at the ends that go into ...
Building a Client Base Cont. Building a Client Base Cont.
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
Video: Heart sounds

For a complete list of videos, visit our video library