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

Author Question: When a firm is operating at its minimum efficient scale, its a. short-run average total cost of ... (Read 106 times)

tichca

  • Hero Member
  • *****
  • Posts: 554
on: Jun 30, 2018
When a firm is operating at its minimum efficient scale, its
 a. short-run average total cost of production is minimized
  b. long-run marginal cost of production is minimized
  c. long-run average cost of production is minimized
  d. long-run profit is maximized
  e. profit is at a maximum

Question 2

When the exchange rate is allowed to adjust to market forces, all of the following are true except one. Which is the exception?
 a. The foreign exchange market clears continually.
  b. The quantities of foreign exchange demanded and supplied are equal.
  c. The exchange rate will only change if the central bank alters the exchange rate.
  d. The exchange rate will remain constant until a change occurs in one of the factors that affect supply or demand.
  e. The forces of demand and supply determine the exchange rate.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

C


tichca

  • Hero Member
  • *****
  • Posts: 554
Reply #2 on: Jun 30, 2018
Correct answers!


Shshxj

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Intussusception. A short length of small intestine has telescoped into itself. Intussusception. A short length of small intestine has telescoped into itself.
Loyola Generativity Scale Loyola Generativity Scale
Firm handshake Firm handshake
The ability to solve problems may be highly efficient in the older adult The ability to solve problems may be highly efficient in the older adult
Measuring the client’s height with a platform scale Measuring the client’s height with a platform scale
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library