« previous next »

Author Question: Assume the short-run average total cost for a perfectly competitive industry increases as the output ... (Read 190 times)

bcretired

  • Hero Member
  • *****
  • Posts: 525
on: Jun 30, 2018
Assume the short-run average total cost for a perfectly competitive industry increases as the output of the industry expands. In the long run, the industry supply curve will:
 a. have a positive slope.
  b. have a negative slope.
  c. be perfectly horizontal.
  d. be perfectly vertical.

Question 2

The ability of a good to satisfy a want refers to its:
 a. usefulness.
  b. utility.
  c. worthiness.
  d. necessity.


mcinincha279

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

bcretired

  • Hero Member
  • *****
  • Posts: 525
Reply #2 on: Jun 30, 2018
Thank you :)


mcinincha279

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The FDA recognizes 118 routes of administration.

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?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

The energy input and output of glycolysis. The energy input and output of glycolysis.
Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period Mars's average distance from the Sun is roughly 230 million km (1.5 AU) and its orbital period
A Total Eclipse of the Sun A Total Eclipse of the Sun
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
Video: Acids and bases - definition

For a complete list of videos, visit our video library