Author Question: Economies of scale means that A) the average fixed cost curve slopes downward over its entire ... (Read 168 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
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.


macagn

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

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?

Thyroid conditions may make getting pregnant impossible.

For a complete list of videos, visit our video library