« previous next »

Author Question: The gap between average total cost and average variable cost: a. is constant at all ranges of ... (Read 175 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?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Total fertility rates (TFRs) among major regions of the world. Total fertility rates (TFRs) among major regions of the world.
Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri During a total solar eclipse, the solar corona can be seen with the naked eye, during the brief peri
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
Degree Ranges for Hydrotherapy and Temperature Therapy Methods from Cold to Hot Applications Degree Ranges for Hydrotherapy and Temperature Therapy Methods from Cold to Hot Applications
Video: Inflammation and Fever

For a complete list of videos, visit our video library