A constant cost industry has an infinitely elastic long-run supply curve.

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

A 3-tonne (3.0-long-ton; 3.3-short-ton) great white shark off Isla Guadalupe

Blue whale skeleton, outside the Long Marine Laboratory at the University of California, Santa Cruz

Endochondral ossification of long bone.

The impact of industry and manufacturing on our life

Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...

Demographic transition model for changes in population growth rates and sizes, correlated with long-

Author Question: A constant cost industry has an infinitely elastic long-run supply curve. (Read 64 times)

Related Topics

Need homework help now?