Which of the following is true? a. In constant-cost industries, the cost curves of the firm are
Question:
Which of the following is true?
a. In constant-cost industries, the cost curves of the firm are not affected by changes in the output of the entire industry.
b. In an increasing-cost industry, the cost curves of the individual firms rise as total output increases.
c. A decreasing-cost industry has a downward-sloping long-run supply curve; firms experience lower cost as industry expands.
d. All of these are true.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
d All...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Which of the following is true with respect to fraud risk factors in an IT environment? a. Employees in an IT environment are highly skilled. b. Audit teams cannot evaluate the accounting information...
-
Which of the following is true about UNICAP rules? Only otherwise deductible expenses can qualify as a UNICAP expense UNICAP cost are always fully deductible in the current year only direct cost our...
-
Which of the following is true about book publishing revenues over the past five years? A) They have decreased by 25%. B) They have increased by 25%. C) They have remained stable. D) They have...
-
Assuming 250 days of operation per year and a lead time of five days, what is the reorder point for Westside Auto in Problem 15? Show the general formula for the reorder point for the EOQ model with...
-
The treasurer of the Larson Corporation is going to bring an $8 million issue to the market in 120 days. It will be a 25-year issue. The interest rate environment is highly volatile, and even though...
-
The following information relates to the Heromi Manufacturing Company for 2004: The beginning work-in-process inventory is 70% complete, and the ending work-inprocess inventory is 20% complete....
-
5. List the required governmental fund financial statements under GASB 34. On what basis of accounting are these statements prepared?
-
Selected data on merchandise inventory, purchases, and sales for Jaffe Co. and Coronado Co. are as follows: Instructions 1. Determine the estimated cost of the merchandise inventory of Jaffe Co. on...
-
Better Mousetraps has developed a new trap. It can go into production for an initial investment in equipment of $ 5 . 4 million . The equipment will be depreciated straight - line over 6 years to a...
-
If Los Angeles to Indianapolis passengers were being unfairly gouged by air fares, wouldnt you expect other airlines to begin flying such a remunerative route?
-
Why would profit-seeking airlines not find it in their interest to use earnings from profitable routes to subsidize unprofitable routes?
-
Identify the main destinations of FDI. Is the pattern shifting? q-1
-
2. (12 points) A researcher hypothesizes that watching Comedy Central reduces anger in prison inmates. A sample of 8 inmates is administered the State Anger/Hostility Scale, their mean score is 5.0...
-
6. A car manufacturer estimates that the cost of production of x cars of a certain model is C(x) = -20x + 0.01 x 2 - 800. How many cars should be produced for a minimum cost? [Please justify your...
-
Latania is a 34-year-old female with a series of volatile interpersonal relationships. She expresses extreme jealousy when her friends spend time with other friends, and she can't maintain romantic...
-
psychological models or psychological theories. Basically these are different ways to think about human behaviorwhat causes behavior and how best to adapt to mental illness or adjustment problems....
-
Product Development: Identify which sports team you are representing and what product you would recommend for the team license. Why did you choose this product? What target audience will purchase it
-
Maps show certain areas of the United States, Canada, and Mexico. Shade in the states (or provinces) using a maximum of four colors so that no two states (or provinces) with a common border have the...
-
Cleaning Service Company's Trial Balance on December 31, 2020 is as follows: Account name Debit Credit Cash 700 Supplies Pre-paid insurance Pre-paid office rent Equipment Accumulated depreciation -...
-
In the following graph, each dot represents a particular country's initial level of real GDP per capita and its growth rate of real GDP per capita. a. For the range of initial GDP per capita from 0...
-
In an interview on PBS about economic development in Africa, economist George Ayettey stated that of the 54 African countries, only 8 had a free press. For Africa's economic development, Ayittey...
-
Into which category of aggregate expenditure would each of the following transactions fall? a. The Jones family buys a new car. b. The San Diego Unified School District buys 12 new school buses. c....
-
Comfort Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc. costs $1,000,000 and will last five years and have...
-
Weaver Corporation had the following stock issued and outstanding at January 1, Year 1: 71,000 shares of $10 par common stock. 8,500 shares of $60 par, 6 percent, noncumulative preferred stock. On...
-
Read the following case and then answer questions On 1 January 2016 a company purchased a machine at a cost of $3,000. Its useful life is estimated to be 10 years and then it has a residual value of...
Study smarter with the SolutionInn App