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

Author Question: The smallest size at which long-run average cost is at its lowest level is called (Read 68 times)

jazziefee

  • Hero Member
  • *****
  • Posts: 505
on: Apr 19, 2019

Question 1

Suppose Fergie's Florist experiences ________ up to a certain point and ________ beyond that point. Its long-run average cost curve is most likely to be U-shaped.


◦ diseconomies of scale; economies of scale
◦ constant returns to scale; economies of scale
◦ diseconomies of scale; constant returns to scale
◦ economies of scale; diseconomies of scale

Question 2

The smallest size at which long-run average cost is at its lowest level is called


◦ the minimum efficient scale.
◦ the maximum efficient scale.
◦ economies of scale.
◦ diseconomies of scale.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jazziefee on Apr 19, 2019

bob

  • Sr. Member
  • ****
  • Posts: 343
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.
Answer Preview
Only 29% of students answer this correctly


jazziefee

  • Hero Member
  • *****
  • Posts: 505
Reply #2 on: Apr 19, 2019
Thanks


bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

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?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

The size of the antlers play a significant role in establishing the hierarchy in the group The size of the antlers play a significant role in establishing the hierarchy in the group
This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande This lithograph by Currier and Ives gives an erroneous impression of the “battle.” Major Robert Ande
Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
The illusory bands visible in this figure are often called Mach bands, although Mach used a ... The illusory bands visible in this figure are often called Mach bands, although Mach used a ...
Europe’s Size and Location Europe’s Size and Location
Video: Digestion Animation

For a complete list of videos, visit our video library