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Author Question: When a firm's long-run average cost curve is horizontal for a range of output, then that range of ... (Read 97 times)

Pineappleeh

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on: Jun 29, 2018
When a firm's long-run average cost curve is horizontal for a range of output, then that range of production displays
 
  A) constant average fixed costs. B) decreasing returns to scale.
  C) increasing returns to scale. D) constant returns to scale.

Question 2

If a firm could practice perfect price discrimination, it would
 
  A) allow resale of its product.
  B) use odd pricing.
  C) charge every buyer a different price.
  D) charge a price based on the quantity of a product bought.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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briseldagonzales

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

D

Answer to Question 2

C


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Pineappleeh

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Reply #2 on: Jun 29, 2018
Thank you


briseldagonzales

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Reply #3 on: Jun 29, 2018
No problemo


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