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Author Question: A constant-cost industry is distinguished by the fact that a. firms' long-run average cost curves ... (Read 94 times)

Kikoku

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on: Jun 30, 2018
A constant-cost industry is distinguished by the fact that
 a. firms' long-run average cost curves are horizontal
  b. firms' short-run marginal cost curves are horizontal
  c. firms' short-run average total costs are horizontal
  d. the short-run industry supply curve is perfectly elastic
  e. the long-run industry supply curve is perfectly elastic

Question 2

Which of the following would not be considered price discrimination?
 a. charging higher rates on long distance calls during normal business hours
  b. giving lower air fares to those who buy tickets a month before departure
  c. charging lower prices for senior citizens at museums
  d. getting separate prices for residential and commercial users of natural gas
  e. charging more for BMWs than for Chevrolets


Jsherida

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


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