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Author Question: Economies of scale means that A) the average fixed cost curve slopes downward over its entire ... (Read 170 times)

RYAN BANYAN

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on: Jun 29, 2018
Economies of scale means that
 
  A) the average fixed cost curve slopes downward over its entire range.
  B) the four-firm concentration ratio is below 80.
  C) the long-run average total cost curve slopes downward over it entire range.
  D) the long-run total cost curve slopes downward over it entire range.

Question 2

A regulated natural monopolist allowed to earn a fair rate of return would produce to the point at which
 
  A) the price per unit equals the long-run average cost.
  B) the marginal revenue curve meets the long-run average cost curve.
  C) the marginal revenue curve meets the long-run marginal cost curve.
  D) the price per unit equals its marginal revenue.
International Economics ¦ Gerber ¦ 6th Edition
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macagn

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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RYAN BANYAN

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Reply #2 on: Jun 29, 2018
Thank you


macagn

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Reply #3 on: Jun 29, 2018
No problemo


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