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Author Question: The shape of a firm's ________ run average cost curve depends on how costs vary with ________. (Read 109 times)

waynest

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on: Apr 19, 2019

Question 1

Engineers for The Giffen Record Company have determined that a 35% increase in all compact disc inputs will cause a 45% increase in output. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.


◦ average costs to increase
◦ average costs to decrease
◦ average costs to remain constant
◦ marginal costs to increase

Question 2

The shape of a firm's ________ run average cost curve depends on how costs vary with ________.


◦ short; scale of operations
◦ short; no fixed factor of production
◦ long; scale of operations
◦ long; a fixed factor of production
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by waynest on Apr 19, 2019

ultraflyy23

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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waynest

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Reply #2 on: Apr 19, 2019
Thank you!


ultraflyy23

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Reply #3 on: Apr 19, 2019
Always glad to help...


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