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

Author Question: The point of tangency between the short-run average total cost (SRATC) curve and the long-run ... (Read 25 times)

fungirl

  • Full Member
  • ***
  • Posts: 162
on: Oct 12, 2022

Question 1

The long-run average cost curve is an envelope curve, with each point associated with a short-run average cost curve
◦ tangent at that point.
◦ intersecting that point.
◦ at its minimum point.
◦ lying below it.
◦ crossing that point from above.

Question 2

The point of tangency between the short-run average total cost (SRATC) curve and the long-run average cost (LRAC) curve occurs
◦ only when the LRAC curve is at its minimum.
◦ at a point where both the average total cost and the marginal cost are rising.
◦ at a point where average total cost is falling but the marginal cost is rising.
◦ at the point of minimum SRATC.
◦ at an output level for which the quantity of the fixed factor is optimal.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fungirl on Oct 12, 2022

iamkarenvv

  • Full Member
  • ***
  • Posts: 148
Reply #1 on: Oct 12, 2022
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 29% of students answer this correctly


fungirl

  • Member
  • Posts: 162
Reply 2 on: Oct 12, 2022
Excellent

parker125

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

This girl has a long leg cast, which was applied after surgery to correct her clubfoot. This girl has a long leg cast, which was applied after surgery to correct her clubfoot.
The features found in a long bone. The features found in a long bone.
The Method for Determining the Two-Point Discrimination Threshold The Method for Determining the Two-Point Discrimination Threshold
Cost of Laptops Cost of Laptops
Four 2.0-µC point are at the corners of a rectangle with sides of length 3.0 cm and 4.0 cm. ... Four 2.0-µC point are at the corners of a rectangle with sides of length 3.0 cm and 4.0 cm. ...
Short form of amino acids Short form of amino acids
Video: Introduction to Cystic Fibrosis

For a complete list of videos, visit our video library