This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a firm is experiencing constant returns to scale, then the long-run average cost curve is A) ... (Read 91 times)

bobbie

  • Hero Member
  • *****
  • Posts: 592
on: Jun 30, 2018
If a firm is experiencing constant returns to scale, then the long-run average cost curve is
 A) falling.
  B) rising.
  C) horizontal.
  D) shifting

Question 2

A conclusion from the study of automobile markets by Allen Jung of the University of Chicago was that:
 a. the more experienced buyers got better deals.
  b. dealer characteristics had considerable influence on the prices they offered.
  c. variation in the offered price by dealers of cars was uniform.
  d. there was little or no difference between the average prices quoted to different types of buyers.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


bobbie

  • Member
  • Posts: 592
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

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.

Models of some representative proteins drawn to a common scale Models of some representative proteins drawn to a common scale
Loyola Generativity Scale Loyola Generativity Scale
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Brush off front to finish. Long brushing strokes from head to feet to finish. Brush off front to finish. Long brushing strokes from head to feet to finish.
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
GDP per Capita in the United States, 1870–2009 (Ratio Scale) GDP per Capita in the United States, 1870–2009 (Ratio Scale)
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library