« previous next »

Author Question: The above figure shows the long-run expansion path. The long-run average cost curve will be A) ... (Read 49 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
The above figure shows the long-run expansion path. The long-run average cost curve will be
 
  A) horizontal.
  B) downward sloping.
  C) upward sloping.
  D) vertical.

Question 2

Which of the following is not an advantage of fiscal federalism?
 
  a. It allows people to vote with their feet.
  b. It facilitates intergovernmental comparisons.
  c. It increases the ability of government to bargain with bureaucracies.
   d. It can limit the costs of government programs to those who benefiting from them.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

The uterus. Cutaway view shows regions of the uterus and cervix and its relationship to the uterine The uterus. Cutaway view shows regions of the uterus and cervix and its relationship to the uterine
Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o Otitis media. This illustration shows an inflamed tympanic cavity, which is the most common source o
Curved Spacetime and the Path of Light Curved Spacetime and the Path of Light
(a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko (a) The Dmanisi cranium (right) shows similarities to early African H. erectus including the Narioko
The Increasing Cost of Health Care, 1960–2010 The Increasing Cost of Health Care, 1960–2010
Typical Startup Cost Categories Typical Startup Cost Categories
Video: Humerus Adduction Animation

For a complete list of videos, visit our video library