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

Author Question: If the long-run average cost curve is U-shaped, the optimal scale of production from society's ... (Read 128 times)

j.rubin

  • Hero Member
  • *****
  • Posts: 557
on: Jun 29, 2018
If the long-run average cost curve is U-shaped, the optimal scale of production from society's viewpoint is
 
  A) where maximum economic profit is earned by producers.
  B) the minimum efficient scale.
  C) one which guarantees economic profit.
  D) where firm profit is large enough to finance research and development.

Question 2

The larger the number of firms in an industry
 
  A) the more intense the rivalry among firms.
  B) the larger the potential number of market segments.
  C) the easier it is to implicitly collude to fix prices.
  D) the greater the need for a price enforcement mechanism.
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

mk6555

  • Sr. Member
  • ****
  • Posts: 310
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 56% of students answer this correctly


j.rubin

  • Hero Member
  • *****
  • Posts: 557
Reply #2 on: Jun 29, 2018
Correct answers!


mk6555

  • Sr. Member
  • ****
  • Posts: 310
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui Urinometer. In this procedure, a urine sample and urinometer are placed within a tube, and the liqui
Cotton Production and Slave Population, 1800–1860 Cotton Production and Slave Population, 1800–1860
Average Pulse Rates by Age Average Pulse Rates by Age
Endochondral ossification of long bone. Endochondral ossification of long bone.
Flow Patterns and Large-Scale Weather Flow Patterns and Large-Scale Weather
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Video: Baroreceptor Reflex

For a complete list of videos, visit our video library