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

Author Question: The long-run average cost curve connects the lower part of the short-run cost curves because: A) ... (Read 96 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
The long-run average cost curve connects the lower part of the short-run cost curves because:
 
  A) prices of inputs are less when acquired for a longer time period.
  B) in the long run, firms have more flexibility to change input combinations.
  C) specialization of inputs increases productivity only in the long run.
  D) the firms earn positive profits in the long run.

Question 2

If bank depositors in the U.S. suddenly decided to withdraw in currency everything in their checking accounts, commercial banks would
 
  A) be better off because their legally required reserves would decline.
  B) be unable to meet their demands and would become insolvent.
  C) borrow the required Federal Reserve notes to meet the requests for currency.
  D) give them the currency held in their vaults as backing for the checking accounts.
  E) refuse to honor their requests for 30 days.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

emsimon14

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

B

Answer to Question 2

C




Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library