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

Author Question: The shape of the long-run average cost curve reflects a. market demand b. economies and ... (Read 125 times)

SGallaher96

  • Hero Member
  • *****
  • Posts: 509
on: Jun 30, 2018
The shape of the long-run average cost curve reflects
 a. market demand
  b. economies and diseconomies of scale
  c. increasing and diminishing marginal returns
  d. productivity of fixed inputs
  e. all of the above

Question 2

Empirical studies of production suggest that the long-run average cost curve
 a. is U-shaped
  b. has an inverted L shape
  c. is L-shaped
  d. is horizontal
  e. shows diminishing marginal returns


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aadams68

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

A


SGallaher96

  • Member
  • Posts: 509
Reply 2 on: Jun 30, 2018
Wow, this really help

31809pancho

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Changes in cell shape due to alterations in intracellular fluid volume. Changes in cell shape due to alterations in intracellular fluid volume.
Skull of an Oriental giant squirrel (genus Ratufa) - note the classic sciuromorphous shape of the an Skull of an Oriental giant squirrel (genus Ratufa) - note the classic sciuromorphous shape of the an
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
If these materials were manufactured into a tubular shape and used to replace a section of the ... If these materials were manufactured into a tubular shape and used to replace a section of the ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Retina

For a complete list of videos, visit our video library