« previous next »

Author Question: For a constant returns to scale production function: a. marginal costs are constant but the average ... (Read 103 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jul 1, 2018
For a constant returns to scale production function:
 a. marginal costs are constant but the average cost curve has a U-shape.
  b. both average and marginal costs are constant.
  c. marginal cost has a U-shape; average costs are constant.
  d. both average and marginal cost curves are U-shaped.

Question 2

An efficient customer sorting rule is one in which
 a. customers with high willingness to pay secure the discounted goods
  b. customers are rationed randomly between the discounted and full price goods
  c. no customer purchase below her willingness to pay
  d. customers with the lowest willingness to pay secure the discount goods
  e. brand loyalty allows the incumbent to retain its regular customers


miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Went and Briggs demonstrated the relationship between light perception and auxin function. Went and Briggs demonstrated the relationship between light perception and auxin function.
Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise Incentive spirometry. A portable incentive spirometer is useful for encouraging patients to exercise
How to use right endpoints to find an expression showing the area of a function How to use right endpoints to find an expression showing the area of a function
Pain rating intensity scale Pain rating intensity scale
Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ... Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ...
What would your average (mean) number of cells per cluster be? What would your average (mean) number of cells per cluster be?
Video: Electrocardiogram Examination

For a complete list of videos, visit our video library