« previous next »

Author Question: The gap between average total cost and average variable cost: a. is constant at all ranges of ... (Read 153 times)

B

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The gap between average total cost and average variable cost:
 a. is constant at all ranges of output.
  b. is high at high levels of production.
  c. declines as output expands.
  d. depends on the production technology.

Question 2

Which of the following statements concerning perfect competition is not true?
 a. Firms are price takers.
  b. The demand curve facing an individual firm is horizontal.
  c. A firm's demand curve is identical to its marginal revenue curve.
  d. The firms produce differentiated products.
  e. If a firm raises its price, it will lose all of its customers.


miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio Percentage of Foreign-Born Whites and Native Whites of Foreign or Mixed Parentage in Total Populatio
On average, students in Roman Catholic schools score higher on national tests than students in ... On average, students in Roman Catholic schools score higher on national tests than students in ...
How to find the average value of a function How to find the average value of a function
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Relative Humidity Changes at Constant Water-Vapor Content Relative Humidity Changes at Constant Water-Vapor Content
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Primate Evolutionary Tree Animation

For a complete list of videos, visit our video library