If the? long-run average cost curve continuously slopes

Assignment Help Business Economics
Reference no: EM131095879

If the? long-run average cost curve continuously slopes upward as output? rises, minimum efficient scale would be

a) at the midpoint of the? long-run average cost curve.

b) nonexistent.

c) zero.

d) at the rate of output associated with the smallest sized plant the firm can build.

Reference no: EM131095879

Questions Cloud

Government budget constraint in each of the two periods : Suppose a government lives for two periods. It makes an exogenous amount of government expenditures each period. These have nominal value P1G1 = 100 and P2G2 = 50. It also charges households a lump sum tax, Tt each period. Write down the government’s..
How many chocolate boxes should the factory produce : Consider the situation a chocolate factory faces each year. The factory produces a special chocolate box for Valentine's day. Suppose a chocolate box costs $6 to make and sells for $9. Any box not sold by Valentine's day will be discounted to $4. Sup..
Macroeconomic measurements and supply and demand : XYZ Company is aware that macroeconomics plays a general role in its organization’s success. Top-level management has asked you to conduct research, and then write a report on specifically what role it should play in its overall success. Management h..
Find your firm total revenue-total cost-profit in short run : Your firm is one of 100 identical firms operating in the short run in a perfectly competitive market. Your total cost function (short run and long run) is C = 500 + 20 q + q2, and your marginal cost function is MC = 20 + 2q. Find the supply curve for..
If the? long-run average cost curve continuously slopes : If the? long-run average cost curve continuously slopes upward as output? rises, minimum efficient scale would be
According to efficient market? theory : According to efficient market? theory, which of the following can best predict the stock price of a particular company? tomorrow?
Monopolist has two specific demanders with demand equations : A monopolist has two specific demanders with demand equations: qA = 10 – p and qB = 10 – 2p. This monopolist implements an optimal two-part tariff pricing scheme, under which demanders pay a fixed fee a for the right to consume the good and a uniform..
With inflation and without inflation : A 10-year project is evaluated under two scenarios: (i) with inflation, and (ii) without inflation. Without inflation under 10% interest rate its present worth is $21,851. If annual inflation of 2% is assumed, then the project's present worth becomes..
Monopolist pursues separate monopoly pricing policy : A monopolist faces a market A demand curve given by: QA = 70 – P and market B demand curve given by: QB = 50 – 0.5P. This monopolist pursues a separate monopoly pricing policy in each market. Assume arbitrage between the two markets can be prevented.

Reviews

Write a Review

Business Economics Questions & Answers

  First-time homebuyers creditin 2009 as well as 2010 the us

first-time homebuyers creditin 2009 as well as 2010 the us government instituted a program where all first-time

  Supply-demand diagram of market with binding price ceiling

The goods are consumed by the buyers who value them most highly.  The goods are produced by the producers with the lowest costs. Use a supply/demand diagram of market with binding price ceiling and a supply/demand diagram of market with binding price..

  Increase in unemployment benefits affect output

Explain how will the increase in unemployment benefits affect output and the price level in the short run and in the medium run.

  Calculate the reduction in the consumers surplus

Using the diagram, suppose that producers need to have licenses to sell apples, and that only 90 units of apples are licensed (i.e. Q is limited to 90). Calculate: the reduction in the consumers’ surplus. the reduction in the producers’ surplus

  Calculate the expected market price

You are the manager of a firm that sells a “commodity” in a market that resembles perfect competition, and your cost function is C(Q) = 2Q + 3Q2. Unfortunately, due to production lags, you must make your output decision prior to knowing for certain t..

  Repay the loan by making equal monthly payments

You borrow $25,000 from your local credit union at 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?

  An accident occurred and an individual lose a leg

An accident occurred and an individual lose a leg. Show diagrammatically the utility functions before and after the accident. Show that if you were the Utilitarian, you would give more income to the individual after the accident, but that even after ..

  Use to increase profits based on this difference in demand

Suppose that most Baltimore Orioles fans prefer Sunday afternoon baseball games (regardless of opponent) to all other games. Describe two pricing strategies that the Orioles could use to increase profits based on this difference in demand.

  Elucidate what might cause these fluctuations in supply

Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.

  Balance sheet as ordinary shares outstanding

Show and compute the following (don’t use Key Ratios precomputed from the site). Compute the ratios using the methods described in this class (which may not always give you the same number as shown in Key Ratios). Note that sales = Total Revenue, and..

  Average tax rate is what

Leslie works 35 hours a week at a wage of $20. Thus, her total weekly income is $700. On this income, she pays total taxes of $49. However, she calculates that on the last hour that she works, she pays $5. Leslie's average tax rate is what?

  Accurately describes how hot dog market is affected

Suppose the price of pork, an input in the production of hot dogs, increases. Which of the following accurately describes how the hotdog market is affected?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd