This topic contains a solution. Click here to go to the answer

Author Question: If the average total cost of producing 20 sweaters an hour falls when the firm doubles all its ... (Read 117 times)

craiczarry

  • Hero Member
  • *****
  • Posts: 527
If the average total cost of producing 20 sweaters an hour falls when the firm doubles all its inputs, then the
 
  A) short-run average total cost curve shifts upward because all inputs have increased.
  B) firm moves along its short-run average total cost curve.
  C) firm experiences economies of scale.
  D) long-run average cost curve shifts downward.

Question 2

A government subsidy for a good
 
  A) is similar to a tax insofar as it decreases the production of the good being subsidized.
  B) increases production of the subsidized goods.
  C) punishes those who consume or produce the subsidized good.
  D) has no effect on the quantity of the good produced.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ky860224

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

C

Answer to Question 2

B




craiczarry

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

 

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

For a complete list of videos, visit our video library