This topic contains a solution. Click here to go to the answer

Author Question: If the total variable cost curve for a firm is S-shaped, what is the shape of the total cost curve ... (Read 52 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
If the total variable cost curve for a firm is S-shaped, what is the shape of the total cost curve for that firm?
 a. U-shaped
  b. Flat.
  c. Hill-shaped.
  d. S-shaped.
  e. There is not enough information.

Question 2

The laissez-faire approach popular before the Great Depression influenced the U.S. government to see business downturns as:
 a. natural phases in an otherwise healthy system and to therefore take short-term deficit spending measures to help recovery.
  b. natural phases in an otherwise healthy system and to therefore wait for recovery to occur naturally.
 c. serious maladies in an otherwise healthy system and to therefore work to redesign the system to avoid such failure in the future.
  d. failures of the type of system Adam Smith envisaged and to therefore work to move toward an open economy with free trade.
  e. failures of the system to achieve the form that Adam Smith envisaged and to therefore work to decrease government interference at the micro level.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ynlevi

  • Sr. Member
  • ****
  • Posts: 338
Answer to Question 1

d

Answer to Question 2

b




ishan

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

For a complete list of videos, visit our video library