« previous next »

Author Question: What causes an economy to produce a level of output which lies inside the production ... (Read 71 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jun 30, 2018
What causes an economy to produce a level of output which lies inside the production set?

Question 2

The minimum efficient scale is the level of output where the short-run average-total-cost curve reaches its minimum point.
 a. True
  b. False
  Indicate whether the statement is true or false


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 30, 2018
Answer to Question 1

Inefficient use of resources causes an economy to produce an output which lies inside a production set.

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

BRWH

  • Hero Member
  • *****
  • Posts: 553
Reply #2 on: Jun 30, 2018
Thank you :)


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

A model of anxiety in which stressful events or a changing mental condition can produce unfavorable A model of anxiety in which stressful events or a changing mental condition can produce unfavorable
Upper-Level Maps Upper-Level Maps
Thyroid hormone production—Relationship between pituitary and thyroid glands. Thyroid hormone ... Thyroid hormone production—Relationship between pituitary and thyroid glands. Thyroid hormone ...
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
Hydrogen burns to produce energy and water Hydrogen burns to produce energy and water
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Dissociative Disorders (Part 2)

For a complete list of videos, visit our video library