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 239 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?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Long-tailed Widowbird Long-tailed Widowbird
Associative Long-Term Potentiation Associative Long-Term Potentiation
A long, narrow cobbled street in Old San Juan. A long, narrow cobbled street in Old San Juan.
Long-range forecasts Long-range forecasts
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Long noncoding RNAs mediate transcriptional activation Long noncoding RNAs mediate transcriptional activation
Video: Inflammatory response Animation

For a complete list of videos, visit our video library