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

Author Question: The shape of the long-run average cost curve reflects a. market demand b. economies and ... (Read 129 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
The shape of the long-run average cost curve reflects
 a. market demand
  b. economies and diseconomies of scale
  c. increasing and diminishing marginal returns
  d. productivity of fixed inputs
  e. all of the above

Question 2

Empirical studies of production suggest that the long-run average cost curve
 a. is U-shaped
  b. has an inverted L shape
  c. is L-shaped
  d. is horizontal
  e. shows diminishing marginal returns


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
:D TYSM

atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

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

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Associative Long-Term Potentiation Associative Long-Term Potentiation
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
Long Term Control Medications Long Term Control Medications
Average household size Average household size
The Kuznets Curve in England and Wales, 1823–1915 The Kuznets Curve in England and Wales, 1823–1915
Saturation curve for hemoglobin of humans, llamas, and other mammals. Saturation curve for hemoglobin of humans, llamas, and other mammals.
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library