« previous next »

Author Question: A U-shaped long-run average cost curve indicates that A) economies of scale follow diseconomies of ... (Read 119 times)

bb

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
A U-shaped long-run average cost curve indicates that
 A) economies of scale follow diseconomies of scale.
  B) diseconomies of scale follow economies of scale
  C) economies of scale and economies of scope are the same.
  D) economies of scale dominate diseconomies of scale over all levels of production.

Question 2

Zach and Laura want to buy cars and go to the same dealer. The dealer perceives Zach's price elasticity of demand to be lower than Laura's. Which of the following statements will be true?
 a. The dealer will quote the same price to both since individual characteristics do not matter.
  b. The dealer will quote a higher price to Laura because of her gender.
  c. The dealer will quote a higher price to Zach because his demand is less elastic.
  d. The dealer will quote different prices to both according to their bargaining tactics.


hollysheppard095

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport. The roles of transpiration, cohesion, adhesion, and tension in long-distance water transport.
This Black-browed Albatross has been hooked on a long-line. This Black-browed Albatross has been hooked on a long-line.
Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
Pairs of heavy and light chains combine to form a Y-shaped molecule Pairs of heavy and light chains combine to form a Y-shaped molecule
Large-scale circulation systems produce global climate patterns Large-scale circulation systems produce global climate patterns
Hockey stick” curve Hockey stick” curve
Video: Dendrite Animation

For a complete list of videos, visit our video library