This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The long-run average cost curve is tangent to the minimum point of every short-run average total ... (Read 209 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
The long-run average cost curve is tangent to the minimum point of every short-run average total cost curve.
 a. True
  b. False

Question 2

The shape of short-run variable cost curve is determined by
 a. the firm's effort to minimize cost
  b. the firm's effort to maximize profit
  c. competition in the industry
  d. the marginal productivity of the variable inputs the firm uses
  e. the money the firm spends


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


natalie2426

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jun 30, 2018
Thank you :)


JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant A herd of barren-ground caribou at the Thelon River. This subspecies is a long-distance migrant
Effect of changing a set point for hypothalamic values Effect of changing a set point for hypothalamic values
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
Agricultural Land as a Fraction of Total Wealth in the United Kingdom Agricultural Land as a Fraction of Total Wealth in the United Kingdom
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Hydrogen bonds - role in the body

For a complete list of videos, visit our video library