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Author Question: A U-shaped long-run average cost curve implies that a firm experiences economies of scale at low ... (Read 151 times)

lilldybug07

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on: Jun 29, 2018
A U-shaped long-run average cost curve implies that a firm experiences economies of scale at low levels of production and diseconomies of scale at high levels of production.
 
  Indicate whether the statement is true or false

Question 2

A perfectly competitive firm in a constant-cost industry produces 3,000 units of a good at a total cost of 36,000. The prevailing market price is 15.
 
  What will happen to the number of firms in the industry and to the industry's output in the long run?
  A) The number of firms remains constant and the industry's output decreases.
  B) The number of firms and the industry's output increase.
  C) The number of firms remains constant and the industry's output increases.
  D) The number of firms and the industry's output decrease.
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scrocafella

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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.
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lilldybug07

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

xiazhe

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Reply 3 on: Yesterday
Excellent

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