« previous next »

Author Question: When a firm's long-run average cost curve is horizontal for a range of output, then that range of ... (Read 45 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
When a firm's long-run average cost curve is horizontal for a range of output, then that range of production displays
 
  A) constant average fixed costs. B) decreasing returns to scale.
  C) increasing returns to scale. D) constant returns to scale.

Question 2

If a firm could practice perfect price discrimination, it would
 
  A) allow resale of its product.
  B) use odd pricing.
  C) charge every buyer a different price.
  D) charge a price based on the quantity of a product bought.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
Reply #2 on: Jun 29, 2018
Thank you


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

A dose-response curve describes the relationship between the quantity of the chemical entering the ... A dose-response curve describes the relationship between the quantity of the chemical entering the ...
How to find the domain and range of natural logarithmic functions (Part 1) How to find the domain and range of natural logarithmic functions (Part 1)
U.S. Output and Productivity Growth, 1870–2007 U.S. Output and Productivity Growth, 1870–2007
A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ... A sled having a certain initial speed on a horizontal surface comes to rest after traveling 10 ...
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: Coaductile pathway, Timing of contraction signal & Conduction system and ECG

For a complete list of videos, visit our video library