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Author Question: Consider the short-run and long-run cost curves for a firm. If there is an improvement in the firm's ... (Read 50 times)

allywil32

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on: Oct 12, 2022

Question 1

Underutilization is justified if there are gains from building bigger plants. One such reason is if
◦ the firm passed its minimum efficient scale.
◦ the SRATC is below LRAC.
◦ LRAC curve is flat.
◦ LRAC is increasing.
◦ LRAC is declining.

Question 2

Consider the short-run and long-run cost curves for a firm. If there is an improvement in the firm's technology,
◦ both the long-run and short-run average cost curves will shift downward.
◦ the firm will move to a lower point on both its long-run and short-run average cost curves.
◦ the firm will move to a lower point on its long-run average cost curve only.
◦ there will be a downward shift in the long-run average cost curve but not in the short-run average cost curve.
◦ there will be no change in the cost curves in the long run.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by allywil32 on Oct 12, 2022

viper01

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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.
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allywil32

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

apple

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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