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d: Jan 6 at 1:12pm z Instructions Question 3 If a firm experiences diseconomies of scale,...
3: When a firm experiences diseconomies of scale when expanding its operations, its long-run ATC curve:...
3: When a firm experiences diseconomies of scale when expanding its operations, its long-run ATC curve: is U-shaped slopes downward. is flat. slopes upward.
When the firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is _a...
When the firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is _and the firm is experiencing O A. horizontal, constant returns to scale OB. upward sloping; diseconomies of scale O C. downward sloping; constant returns to scale OD. downward sloping, economies of scale
QUESTION 10.1 POINT Economies of scale occur when a firm's long-run average Select the correct answer...
QUESTION 10.1 POINT Economies of scale occur when a firm's long-run average Select the correct answer below: O variable cost curve, upward sloping O unit cost curve, vertical O average cost curve, downward sloping O cost per unit, horizontal Content attribution
Part 3 d: Jan 6 at 1:12pm iz Instructions Question4 1 pts Igor owns a movie...
Part 3 d: Jan 6 at 1:12pm iz Instructions Question4 1 pts Igor owns a movie theater. His total costs are $150,000 per year, and his fixed costs are $65,000. This means that his variable costs are $70,000 $235,000. $150,000. O $85,000. $65,000 Previous Next No new data to save. Last checked at 1:27pm Submit Quiz 0 dx d) End PrtScn Home FS F6
.Question Completion Status QUESTION 11 Suppose a firm doubles its employment of all inptuts in the long run. If th...
.Question Completion Status QUESTION 11 Suppose a firm doubles its employment of all inptuts in the long run. If this action more than doubles the amount of capital produced, then this firm is experiencing O Increasing returns to scale diminishing marginal returns o technological progress O positive marginal revenue QUESTION 12 When input prices are fixed, decreasing returns to scale implies that the long run average cost curve is downward sloping O horizontal upward sloping O Ushaped QUESTION 13 If...
In a monopolistically competitive market: There are few firms, each producing a very differentiated product...
In a monopolistically competitive market: There are few firms, each producing a very differentiated product. There is one firm that produces a standardized product. There are many firms producing a differentiated product. There are market participants who are all price takers. In a perfectly competitive model all the following are assumed, except: patents and copyrights that serve as barriers to entry into the industry. a large number of buyers. standardized product. easy entry to and exit from the market. In...
Which of the following statements is (are) correct? (x) The average variable cost curve declines as...
Which of the following statements is (are) correct? (x) The average variable cost curve declines as quantity increases because variable costs always decrease as output increases. (y) The average variable cost curve and average total cost curve will eventually intersect as output increases because average fixed cost eventually becomes negative. (z) The marginal cost curve crosses the average total cost curve at the efficient scale, which occurs at the minimum point on the average total cost curve. A. (x), (y)...
If a firm is earning economic losses,
1. If a firm is earning economic losses, a. it also has an accounting loss. b. the owner could be earning more in some other occupation. c. the firm must go out of business in the short run. d. new firms will want to get into that industry. 2. Economists say that a firm has a normal profit when a. it earns a return of at least 10 percent. b. its accounting profit exceeds its implicit costs. c. it can pay all its variable costs. d....
Part 1: When a firm operates with economies of scale, average production costs: 1) rise when...
Part 1:
When a firm operates with economies of scale, average production
costs:
1) rise when the firm gets larger.
2) fall as the firm gets larger.
3) fall as the firm gets smaller.
4) are unaffected by firm size.
Part 2:
“U-shaped” long-run average cost curves show that as firms get
larger, they usually experience:
1) economies of scale.
2) constant returns to scale.
3) diseconomies of scale.
4) a, b, and c, in that order.
Part 3:
This...
The demand curve for a perfectly competitive firm options: is upward sloping. is perfectly horizontal. is...
The demand curve for a perfectly competitive firm options: is upward sloping. is perfectly horizontal. is perfectly vertical. maybe downward or upward sloping, depending upon the type of product offered for sale. In the short run, the best policy for a perfectly competitive firm is to Question 17 options: shut down its operation if the price ever falls below average total cost. produce and sell its product as long as price is greater than average variable cost. shut down its...
3: When a firm experiences diseconomies of scale when expanding its operations, its long-run ATC curve: is U-shaped slopes downward. is flat. slopes upward.
When the firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is _and the firm is experiencing O A. horizontal, constant returns to scale OB. upward sloping; diseconomies of scale O C. downward sloping; constant returns to scale OD. downward sloping, economies of scale
QUESTION 10.1 POINT Economies of scale occur when a firm's long-run average Select the correct answer below: O variable cost curve, upward sloping O unit cost curve, vertical O average cost curve, downward sloping O cost per unit, horizontal Content attribution
Part 3 d: Jan 6 at 1:12pm iz Instructions Question4 1 pts Igor owns a movie theater. His total costs are $150,000 per year, and his fixed costs are $65,000. This means that his variable costs are $70,000 $235,000. $150,000. O $85,000. $65,000 Previous Next No new data to save. Last checked at 1:27pm Submit Quiz 0 dx d) End PrtScn Home FS F6
.Question Completion Status QUESTION 11 Suppose a firm doubles its employment of all inptuts in the long run. If this action more than doubles the amount of capital produced, then this firm is experiencing O Increasing returns to scale diminishing marginal returns o technological progress O positive marginal revenue QUESTION 12 When input prices are fixed, decreasing returns to scale implies that the long run average cost curve is downward sloping O horizontal upward sloping O Ushaped QUESTION 13 If...
In a monopolistically competitive market: There are few firms, each producing a very differentiated product. There is one firm that produces a standardized product. There are many firms producing a differentiated product. There are market participants who are all price takers. In a perfectly competitive model all the following are assumed, except: patents and copyrights that serve as barriers to entry into the industry. a large number of buyers. standardized product. easy entry to and exit from the market. In...
Part 1:
When a firm operates with economies of scale, average production
costs:
1) rise when the firm gets larger.
2) fall as the firm gets larger.
3) fall as the firm gets smaller.
4) are unaffected by firm size.
Part 2:
“U-shaped” long-run average cost curves show that as firms get
larger, they usually experience:
1) economies of scale.
2) constant returns to scale.
3) diseconomies of scale.
4) a, b, and c, in that order.
Part 3:
This...
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