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

Author Question: The point of tangency between the short-run average total cost (SRATC) curve and the long-run ... (Read 27 times)

fungirl

  • Full Member
  • ***
  • Posts: 162
on: Oct 12, 2022

Question 1

The long-run average cost curve is an envelope curve, with each point associated with a short-run average cost curve
◦ tangent at that point.
◦ intersecting that point.
◦ at its minimum point.
◦ lying below it.
◦ crossing that point from above.

Question 2

The point of tangency between the short-run average total cost (SRATC) curve and the long-run average cost (LRAC) curve occurs
◦ only when the LRAC curve is at its minimum.
◦ at a point where both the average total cost and the marginal cost are rising.
◦ at a point where average total cost is falling but the marginal cost is rising.
◦ at the point of minimum SRATC.
◦ at an output level for which the quantity of the fixed factor is optimal.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by fungirl on Oct 12, 2022

iamkarenvv

  • Full Member
  • ***
  • Posts: 148
Reply #1 on: Oct 12, 2022
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


fungirl

  • Member
  • Posts: 162
Reply 2 on: Oct 12, 2022
Wow, this really help

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

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

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Long-Term Potentiation and Long-Term Depression Long-Term Potentiation and Long-Term Depression
Cost Savings with an EHR System Cost Savings with an EHR System
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
Rapid, long-distance signaling in plants Rapid, long-distance signaling in plants
Average Distribution of Incoming Solar Radiation Average Distribution of Incoming Solar Radiation
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Lipid catabolism ( ketogenesis and oxidation of glycerol) and Lipid anabolism (lipogenesis)

For a complete list of videos, visit our video library