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

Author Question: Economies of scale can be caused by a. all of the following b. short-run increases in marginal ... (Read 42 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
Economies of scale can be caused by
 a. all of the following
  b. short-run increases in marginal productivity
  c. the use of larger, more specialized machines
  d. higher information costs as a firm expands
  e. bureaucratic red tape as a firm expands

Question 2

To maximize profit in the long run, a firm must
 a. charge the highest price possible
  b. produce where demand is unit elastic
  c. sell the most output possible
  d. minimize the cost of producing any given amount of output
  e. produce at minimum long-run total cost



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

C

Answer to Question 2

D




ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Gracias!


cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

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?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

For a complete list of videos, visit our video library