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Author Question: Each potential short-run average total cost curve is tangent to the long-run average cost curve at: ... (Read 137 times)

KWilfred

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Each potential short-run average total cost curve is tangent to the long-run average cost curve at:
 a. the level of output that minimizes short-run average total cost.
  b. the minimum point of the average total cost curve.
  c. the minimum point of the long-run average cost curve.
  d. a single point on the short-run average total cost curve.

Question 2

Which of these is a supply-side approach to increase growth?
 a. Spending on the construction and repair of state highways
  b. Providing tax benefits to start-up companies
 c. Investing in the production of arms and ammunitions
 d. Replacing old aircrafts with new fighter planes
 e. Increasing transfer payments to retirees



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bulacsom

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Answer to Question 1

d

Answer to Question 2

b




KWilfred

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


lindahyatt42

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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