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

Author Question: The long-run average cost curve is tangent to the minimum point of every short-run average total ... (Read 238 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
on: Jun 30, 2018
The long-run average cost curve is tangent to the minimum point of every short-run average total cost curve.
 a. True
  b. False

Question 2

The shape of short-run variable cost curve is determined by
 a. the firm's effort to minimize cost
  b. the firm's effort to maximize profit
  c. competition in the industry
  d. the marginal productivity of the variable inputs the firm uses
  e. the money the firm spends


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


natalie2426

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jun 30, 2018
Thank you :)


JaynaD87

  • Sr. Member
  • ****
  • Posts: 368
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe
Endochondral ossification of long bone. Endochondral ossification of long bone.
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
Answer the following short answer, please show your steps and include the formulas used Answer the following short answer, please show your steps and include the formulas used
I need help fill up the chart attached phtoto long question I need help fill up the chart attached phtoto long question
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 ...
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library