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 62 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
Excellent

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

A port fuel-injected engine that is equipped with long, tuned intake-manifold runners. A port fuel-injected engine that is equipped with long, tuned intake-manifold runners.
Long Term Control Medications Long Term Control Medications
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Spacecraft optimum geometrical shape Spacecraft optimum geometrical shape
The Internal Anatomy of a Long Bone The Internal Anatomy of a Long Bone
Video: Inflammation and Fever

For a complete list of videos, visit our video library