Author Question: When a firm's long-run average cost curve is horizontal for a range of output, then that range of ... (Read 118 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
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.


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

For a complete list of videos, visit our video library