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

Author Question: If a perfectly competitive firm is producing to the left of the minimum point of its long-run ... (Read 52 times)

desireelg_7

  • Full Member
  • ***
  • Posts: 146
on: Oct 12, 2022
If a perfectly competitive firm is producing to the left of the minimum point of its long-run average cost curve, then
◦ it should shut down.
◦ it can still be in long-run equilibrium as long as P = SRATC.
◦ its profits will decrease if it builds a larger plant.
◦ it can reduce its unit costs by building a larger plant.
◦ it cannot be producing its present output efficiently.
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 desireelg_7 on Oct 12, 2022

ad2018

  • Full Member
  • ***
  • Posts: 189
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 56% of students answer this correctly


desireelg_7

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

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?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

mosquito's left antenna magnified 500X mosquito's left antenna magnified 500X
CVA left CVA left
Gross Anatomy of a Long Bone Gross Anatomy of a Long Bone
Long-Term Potentiation Long-Term Potentiation
Firm handshake Firm handshake
The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C? The molality of a C12H23O11 solution is 0.6 m. what is the freezing point of the solution C?
Video: Glycolysis Animation

For a complete list of videos, visit our video library