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

Author Question: Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater ... (Read 1201 times)

ishan

  • Hero Member
  • *****
  • Posts: 546
on: Jun 29, 2018
Suppose Argyle Sachs has to choose between building a smaller sweater factory and a larger sweater factory.
 
  In the following graph, the relationship between costs and output for the smaller factory is represented by the curve ATC1, and the relationship between costs and output for the larger factory is represented by the curve ATC2.
 
  a. If Argyle expects to produce 3,600 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain?
  b. If Argyle expects to produce 5,000 sweaters per month, should he build a smaller factory or a larger factory? Briefly explain.
  c. If the average cost of producing sweaters is lower in the larger factory when Argyle produces 6,500 sweaters per week, why isn't it also lower when Argyle produces 4,000 sweaters per week?

Question 2

A price-discriminating firm charges the highest price to
 
  A) the group with the least elastic demand. B) the group with demand that is unit elastic.
  C) the group with the largest demand. D) the group with the most elastic demand.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jun 29, 2018
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 50% of students answer this correctly


petrik mur

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Apr 22, 2020
thank you


harsh ladani

  • Newbie
  • *
  • Posts: 1
Reply #3 on: Nov 26, 2020
Thank you


rocky2002

  • Newbie
  • *
  • Posts: 2
Reply #4 on: Nov 30, 2020
Thank You


Linda Zhang

  • Newbie
  • *
  • Posts: 1
Reply #5 on: Dec 2, 2020
Thank you


Goddess Galore Beauty

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Dec 2, 2020
thank you


« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

building blocks building blocks
Teresa Hubbard and Alexander Birchler, Detached Building. Teresa Hubbard and Alexander Birchler, Detached Building.
How to choose the right payment plan with changing conditions (Question 1) How to choose the right payment plan with changing conditions (Question 1)
The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years The apples of today are larger and sweeter than their ancestors, thanks to hundreds of years
Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ... Suppose that we have a sample space with five equally likely experimental outcomes: E1, E2, E3, ...
a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ... a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ...
Video: Introduction to Herpes

For a complete list of videos, visit our video library