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

Author Question: Why do we refer to the long-run average cost curve as a "boundary"? (Read 48 times)

lauraleepop

  • Full Member
  • ***
  • Posts: 141
on: Oct 12, 2022
Why do we refer to the long-run average cost curve as a "boundary"?
◦ The points below the curve represent cost levels attainable to the firm only with adjustment of all factor prices.
◦ The points above the curve represent cost levels attainable to the firm only with adjustment of all factor prices.
◦ The points below the curve represent cost levels that are unattainable given current technology and factor prices.
◦ The points above the curve represent costs that are unattainable given current technology and factor prices.
◦ The points on the curve represent a boundary between fixed factor prices and variable factor prices.
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 lauraleepop on Oct 12, 2022

H.cope00

  • Full Member
  • ***
  • Posts: 172
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 39% of students answer this correctly


lauraleepop

  • Member
  • Posts: 141
Reply 2 on: Oct 12, 2022
:D TYSM

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Solution (Polynomial Long Division) Solution (Polynomial Long Division)
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
How long does exercise affect blood sugar? How long does exercise affect blood sugar?
Long-term relationships, especially those who are married, having a child Long-term relationships, especially those who are married, having a child
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Eczema

For a complete list of videos, visit our video library