« previous next »

Author Question: A constant-cost industry is distinguished by the fact that a. firms' long-run average cost curves ... (Read 67 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
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

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Varieties of Long-Term Memory Varieties of Long-Term Memory
Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory Relations Between Iconic Memory, Short-Term Memory, and Long-Term Memory
Long stroke used in lymphatic facilitation. Long stroke used in lymphatic facilitation.
Eye Fact Poster Eye Fact Poster
Average quarterly presidential approval rating, from Eisenhower to Trump Average quarterly presidential approval rating, from Eisenhower to Trump
The Oil Industry: BOEM iron triangle The Oil Industry: BOEM iron triangle
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library