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

Author Question: If economies of scale are relatively important in an industry, the typical firm's (Read 236 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
on: Oct 8, 2019

If economies of scale are relatively important in an industry, the typical firm's


◦

marginal cost curve will decline continuously until it reaches minimum efficient scale.


◦

long-run average cost curve will reach a minimum at a level of output that is a relatively large fraction of total industry sales.


◦

long-run average cost curve will reach a minimum at a level of output that leaves room for a large number of firms to enter the industry.


◦

long-run average cost curve will begin rising before it reaches minimum efficient scale.

InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jc611 on Oct 8, 2019

nixon_s

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Oct 8, 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 56% of students answer this correctly


jc611

  • Member
  • Posts: 552
Reply 2 on: Oct 8, 2019
Great answer, keep it coming :)

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

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?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Patient with typical rheumatoid arthritis contractures. Patient with typical rheumatoid arthritis contractures.
Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called
In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri In 1891 William Dean Howells championed the poetry of Emily Dickinson: “This poetry is as characteri
Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ... Students rated their grandparents on a scale from 1 to 4 based on emotional closeness, time spent ...
Important Trace Elements in the Body Important Trace Elements in the Body
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Video: Energy inputs and release in glycolysis Animation

For a complete list of videos, visit our video library