« previous next »

Author Question: The long-run average cost curve shows A) the average cost of producing where diminishing returns ... (Read 130 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jun 29, 2018
The long-run average cost curve shows
 
  A) the average cost of producing where diminishing returns are not present.
  B) the plant size or scale that the firm should build.
  C) the lowest average cost of producing every level of output in the long run.
  D) where the most profitable level of output occurs.

Question 2

A firm that can effectively price discriminate will charge a higher price to
 
  A) buyers who belong to the largest market segment.
  B) buyers who are members of the smallest market segment.
  C) customers who have the more elastic demand for the product.
  D) customers who have the more inelastic demand for the product.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


briezy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Menstrual cycle summary based on a 28-day (average) menstrual cycle. Menstrual cycle summary based on a 28-day (average) menstrual cycle.
A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
The titration curve of the buffer acetic acid (CH3COOH) The titration curve of the buffer acetic acid (CH3COOH)
The strange situation. The Strange Situation features a series of episodes in which (a) the mother l The strange situation. The Strange Situation features a series of episodes in which (a) the mother l
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Video: Cleavage and Implantation Animation

For a complete list of videos, visit our video library