« previous next »

Author Question: The gap between average total cost and average variable cost: a. is constant at all ranges of ... (Read 166 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?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

The Solar Constant The Solar Constant
How to solve a linear system when the variable is in the denominator position (Question 2 of 2) How to solve a linear system when the variable is in the denominator position (Question 2 of 2)
Canada Total Energy Consumption by Fuel Type Canada Total Energy Consumption by Fuel Type
At 34.5°C, oxygen gas expands from 34.5 L to 45.7 L against a constant pressure of 750 mmHg. ... At 34.5°C, oxygen gas expands from 34.5 L to 45.7 L against a constant pressure of 750 mmHg. ...
Identify the variable representing each described quantity in the equation Identify the variable representing each described quantity in the equation
The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ... The total weight of Peter, David and Henry is 123 kg, Peter is 15 kg heavier than David. David ...
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library