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 211 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?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Long-Term Potentiation Long-Term Potentiation
The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage The Role of the Hippocampus and Cerebral Cortex in Long-Term Memory Storage
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C? The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C?
Video: Digestive System Animation

For a complete list of videos, visit our video library