« previous next »

Author Question: A constant-cost industry is distinguished by the fact that a. firms' long-run average cost curves ... (Read 102 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 30, 2018
A constant-cost industry is distinguished by the fact that
 a. firms' long-run average cost curves are horizontal
  b. firms' short-run marginal cost curves are horizontal
  c. firms' short-run average total costs are horizontal
  d. the short-run industry supply curve is perfectly elastic
  e. the long-run industry supply curve is perfectly elastic

Question 2

Which of the following would not be considered price discrimination?
 a. charging higher rates on long distance calls during normal business hours
  b. giving lower air fares to those who buy tickets a month before departure
  c. charging lower prices for senior citizens at museums
  d. getting separate prices for residential and commercial users of natural gas
  e. charging more for BMWs than for Chevrolets


Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
Comparison of the titration curves of three weak acids Comparison of the titration curves of three weak acids
the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M the comet Encke riding along its pebbly trail of debris (long diagonal line) between the orbits of M
Endochondral ossification of long bone. Endochondral ossification of long bone.
Long-Range Forecasts Long-Range Forecasts
Composition of a long bone Composition of a long bone
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library