This topic contains a solution. Click here to go to the answer

Author Question: In the long run, firms in many industries often experience a falling average total cost curve as a ... (Read 90 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
In the long run, firms in many industries often experience a falling average total cost curve as a result of:
 a. gains through trade.
  b. increasing marginal returns.
  c. economies of scale.
  d. lower fixed costs.

Question 2

Which of these factors can explain the short recession experienced by the U.S. in 2001?
 a. Terrorist attacks
 b. The stock market crash
 c. Bursting of the real estate bubble
  d. A rise in international oil prices
  e. Expenditure on war



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amandalm

  • Sr. Member
  • ****
  • Posts: 306
Answer to Question 1

c

Answer to Question 2

a





 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

For a complete list of videos, visit our video library