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

Author Question: A U-shaped long-run average cost curve implies that a firm experiences economies of scale at low ... (Read 66 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
A U-shaped long-run average cost curve implies that a firm experiences economies of scale at low levels of production and diseconomies of scale at high levels of production.
 
  Indicate whether the statement is true or false

Question 2

A perfectly competitive firm in a constant-cost industry produces 3,000 units of a good at a total cost of 36,000. The prevailing market price is 15.
 
  What will happen to the number of firms in the industry and to the industry's output in the long run?
  A) The number of firms remains constant and the industry's output decreases.
  B) The number of firms and the industry's output increase.
  C) The number of firms remains constant and the industry's output increases.
  D) The number of firms and the industry's output decrease.
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

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
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 25% of students answer this correctly


lilldybug07

  • Member
  • Posts: 546
Reply 2 on: Jun 29, 2018
Excellent

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Average Chemical Composition of the Geosphere Crust Average Chemical Composition of the Geosphere Crust
Oxygen dissociation curve Oxygen dissociation curve
The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve. The adsorption spectrum of rhodopsin compared with the human scotopic spectral sensitivity curve.
How to find the average atomic mass of an element How to find the average atomic mass of an element
V-shaped Valley of the Yellowstone River V-shaped Valley of the Yellowstone River
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Video: Simple and Double Sugar

For a complete list of videos, visit our video library