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

Author Question: If price lies above the minimum point on the ATCcurve, in the short run the firm should ________ and ... (Read 65 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Apr 19, 2019

Question 1

If the price of an input increases, each individual firm's ________ shifts upward and the ________ shifts to the left.


◦ marginal revenue curve; marginal cost curve
◦ marginal cost curve; industry supply curve
◦ demand curve; industry supply curve
◦ supply curve; marginal cost curve

Question 2

If price lies above the minimum point on the 
ATC curve, in the short run the firm should ________ and in the long run it should ________.


◦ produce where 
MC = 
MR; exit the industry
◦ shut down; exit the industry
◦ produce where 
MC = 
MR; expand
◦ shut down; expand
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by saliriagwu on Apr 19, 2019

Briannahope

  • Sr. Member
  • ****
  • Posts: 364
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


saliriagwu

  • Member
  • Posts: 537
Reply 2 on: Apr 19, 2019
:D TYSM

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Male tule elk in Point Reyes Male tule elk in Point Reyes
McBurney’s point is the common location of pain in children and adolescents with appendicitis. McBurney’s point is the common location of pain in children and adolescents with appendicitis.
Levels of Processing Affects Long-Term but not Short-Term Memory Levels of Processing Affects Long-Term but not Short-Term Memory
Dew point/temperature relationships in (a) unsaturated air and saturated air (b and c). Dew point/temperature relationships in (a) unsaturated air and saturated air (b and c).
Four-point scale for grading edema Four-point scale for grading edema
What is the minimum uncertainty in its position? What is the minimum uncertainty in its position?
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library