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 100 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
Thanks for the timely response, appreciate it


momolu

  • Member
  • Posts: 320
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

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?

The human body produces and destroys 15 million blood cells every second.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

For a complete list of videos, visit our video library