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

Author Question: Consider the short-run and long-run cost curves for a firm. If there is an improvement in the firm's ... (Read 22 times)

allywil32

  • Full Member
  • ***
  • Posts: 144
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by allywil32 on Oct 12, 2022

viper01

  • Full Member
  • ***
  • Posts: 160
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 35% of students answer this correctly


allywil32

  • Member
  • Posts: 144
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Anopheles larva from southern Germany, about 8 mm long Anopheles larva from southern Germany, about 8 mm long
Features found in a long bone. Features found in a long bone.
How long does it take you to see the circles? How long does it take you to see the circles?
Two Kinds of Forgetting Curves Two Kinds of Forgetting Curves
A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ... A very thin uniform rod, 2.40 m long and of weight 135 N, has a frictionless hinge at its lower ...
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library