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

Author Question: Which of the following statements concerning long-run and short-run cost curves is correct? (Read 76 times)

dabomba718

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022

Question 1

In the long run, decreasing returns to scale are likely to be caused by
◦ increasing specialization of labour.
◦ decreasing costs.
◦ a decrease in factor prices.
◦ diseconomies of scale associated with management problems.
◦ diminishing returns to the variable factor.

Question 2

Which of the following statements concerning long-run and short-run cost curves is correct?
◦ A short-run average cost curve can fall below the long-run average cost curve.
◦ Both the long-run and short-run average cost curves show the lowest cost of producing any output when all factors are variable.
◦ The short-run average cost curve for the optimal plant size is tangent to the long-run average cost curve at all levels of output of the fixed factor.
◦ The minimum point of the long-run average cost curve will correspond to the minimum point on a single short-run average cost curve.
◦ The long-run average cost curve envelops a whole family of short-run marginal cost curves.
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 dabomba718 on Oct 12, 2022

AarionnaH

  • Full Member
  • ***
  • Posts: 186
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 39% of students answer this correctly


dabomba718

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Wow, this really help

marict

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport. The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport.
Correct use a fire extinguisher Correct use a fire extinguisher
Brush off the back. Apply several long brushing strokes from head to hips to finish the session. Brush off the back. Apply several long brushing strokes from head to hips to finish the session.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Cost of Laptops Cost of Laptops
When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde When dry, the long fruits (pods) of the California poppy (Eschscholzia californica) split open sudde
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library