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

Author Question: The cost-output elasticity equals 1.4. This implies that: A) there are neither economies nor ... (Read 43 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
on: Jul 1, 2018
The cost-output elasticity equals 1.4. This implies that:
 
  A) there are neither economies nor diseconomies of scale.
  B) there are economies of scale.
  C) there are diseconomies of scale.
  D) marginal cost is less than average cost.

Question 2

From 1970 to 2010, the real price of eggs decreased and the total annual consumption of eggs decreased.
 
  Which of the following would cause an unambiguous decrease in the real price of eggs and an unambiguous decrease in the quantity of eggs consumed? A) A shift to the right in the supply curve for eggs and a shift to the right in the demand curve for eggs.
  B) A shift to the left in the supply curve for eggs and a shift to the right in the demand curve for eggs.
  C) A shift to the left in the supply curve for eggs and a shift to the left in the demand curve for eggs.
  D) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

abctaiwan

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


lb_gilbert

  • Member
  • Posts: 588
Reply 2 on: Jul 1, 2018
Gracias!

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV. When the exhaust is lean, the output of a zirconia oxygen sensor is below 450 mV.
The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ... The major cortical input and output pathways of the dorsolateral prefrontal association cortex. ...
Growth in Closed Economies Growth in Closed Economies
Cost of Laptops Cost of Laptops
question in cost accounting question in cost accounting
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library