« previous next »

Author Question: The long-run average cost curve is the A) change in total product divided by the change in ... (Read 103 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
The long-run average cost curve is the
 
  A) change in total product divided by the change in capital when the quantity of labor is constant.
  B) change in output resulting from a one-unit increase in the quantity of capital.
  C) relationship between the lowest attainable average total cost and output when both the plant size and labor are varied.
  D) relationship between the lowest attainable average total cost and output when both the plant size and labor are fixed.

Question 2

The higher the cost of acquiring skills, the ________ are the high-skilled and low-skilled labor ________ curves.
 
  A) closer together; demand
  B) farther apart; demand
  C) closer together; supply
  D) farther apart; supply


hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Associative Long-Term Potentiation Associative Long-Term Potentiation
Beaker with ibex, dogs, and long-necked birds, from southwest Iran. Beaker with ibex, dogs, and long-necked birds, from southwest Iran.
Ogburn's Processes of Social Change Ogburn's Processes of Social Change
How to find the average atomic mass of an element How to find the average atomic mass of an element
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
Part of a Semantic Network in Long-Term Memory Part of a Semantic Network in Long-Term Memory
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library