Author Question: Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. Refer ... (Read 32 times)

jenna1 · **on:** Apr 19, 2019

Question 1

Over all levels of output, if a firm's long-run average cost curve declines as output increases, then

◦ small firms and large firms will have identical average costs.
◦ there should be a large number of firms in the industry.
◦ small firms would have lower average costs of production than large firms.
◦ there should be only one firm in the industry.

Question 2

Refer to the information provided in Figure 9.6 below to answer the question(s) that follow.

Refer to Figure 9.6. For this firm, diseconomies of scale set in after ________ units of output.

◦ q
₁
◦ q
₂
◦ q
₃
◦ q
₄

frre432 · **Reply #1 on:** Apr 19, 2019

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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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