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

Author Question: When production is characterized by persistently declining long-run average costs as output ... (Read 118 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
When production is characterized by persistently declining long-run average costs as output increases
 
  A) the costs of production are greater when competition exists than when a single firm produces a good.
  B) it is impossible for two firms to compete in the market.
  C) the costs are lower if a single firm exists, and even if the firm is unregulated, price will still be lower with a single firm.
  D) there is no need for the government to limit competition by licensing requirements.

Question 2

If you save 2,500 for a down payment on a new car, you are using money as
 
  A) a store of value.
  B) a unit of account.
  C) a medium of exchange.
  D) a standard of deferred payment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ultraflyy23

  • Sr. Member
  • ****
  • Posts: 312
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Collmarie

  • Member
  • Posts: 569
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

  • Member
  • Posts:
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
The rate of evolution in short­ and long­lived plants The rate of evolution in short­ and long­lived plants
Should We Prolong Life at all Costs? Should We Prolong Life at all Costs?
Average Number of Hours Slept per Day by Various Mammalian Species Average Number of Hours Slept per Day by Various Mammalian Species
A reciprocal translocation involving the long arms of chromosomes A reciprocal translocation involving the long arms of chromosomes
Video: How does asthma work?And How do you treat asthma?

For a complete list of videos, visit our video library