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

Author Question: _____ is the locus of the minimum points of various short-run average cost curves depicting ... (Read 60 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
_____ is the locus of the minimum points of various short-run average cost curves depicting different plant sizes.
 a. Long-run marginal cost
  b. Expansion path
  c. Long-run average cost
  d. Isocost

Question 2

Quickie Inc, a perfectly competitive firm, currently maximizes profit by producing 400 units of output. If its marginal cost is equal to 25 and its average total cost is 20, then how much is it earning in economic profit?
 a. Economic profit is always equal to zero in perfect competition.
  b. 10,000
  c. 8,000
  d. 2,000
  e. 4,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

d


tuffie

  • Member
  • Posts: 534
Reply 2 on: Jun 30, 2018
Excellent

pangili4

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f An example of genetic homology: a comparison of a short amino acid sequence within the p53 protein f
Cellular changes associated with short-term and long-term memory in the sea slug. Cellular changes associated with short-term and long-term memory in the sea slug.
Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ... Most lifts are equipped with short pad extensions that are often necessary to use to allow the pad ...
Cost Accounting: A Managerial Emphasis 16th Edition Cost Accounting: A Managerial Emphasis 16th Edition
Average Surface Air Pressure – July Average Surface Air Pressure – July
Drawings depicting mitosis in an animal cell with a diploid number of 4 Drawings depicting mitosis in an animal cell with a diploid number of 4
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library