« previous next »

Author Question: When economies of scale are present, the LRAC curve touches each short-run ATC curve A) to the ... (Read 90 times)

strangeaffliction

  • Hero Member
  • *****
  • Posts: 660
on: Jun 29, 2018
When economies of scale are present, the LRAC curve touches each short-run ATC curve
 
  A) to the left of the ATC curve's minimum point.
  B) to the right of the ATC curve's minimum point.
  C) at the ATC curve's minimum point.
  D) at no points.

Question 2

In an ad for insurance, the text reads Life's an adventure, and there are plenty of perils awaiting your jewelry: a lost or broken stone, theft, accidental loss, damage, mysterious disappearance Have you thought about insurance?
 
  What is the economic reasoning for an individual to buy insurance?
  A) Individuals who buy insurance are profit maximizers.
  B) Individuals who buy insurance are rational.
  C) Individuals who buy insurance are dishonest and can profit from dishonesty.
  D) Individuals who buy insurance increase their expected utility by owning insurance.


lorealeza77

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
Example of a Mastery Scale Example of a Mastery Scale
Short-wavelength flux is reflected by Earth Short-wavelength flux is reflected by Earth
Four-point scale for grading edema Four-point scale for grading edema
The Radioactive Decay Curve The Radioactive Decay Curve
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library