Why will firms in most markets be located at or close to the bottom of the long-run

Question:

Why will firms in most markets be located at or close to the bottom of the long-run average cost curve?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

See More Books

Question Posted: Oct 31, 2023 09:43 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
The following depicts the long run average cost curve (LRAC). SRAC represents the short run average costs and SRMC represent the short run marginal costs. 1. From Scale 1 to Scale 3, what will be...
A: Suppose you have a homothetic production technology and you face input prices (w,r). (a) On a graph with labor on the horizontal and capital k on the vertical axis, illustrate a ray along which...
10 J of heat are removed from a gas sample while it is being compressed by a piston that does 20 J of work. What is the change in the thermal energy of the gas? Does the temperature of the gas...
Yates Company supplies road salt to county highway departments. The company has three trucks, and the dispatcher is trying to schedule tomorrows deliveries to Polk, Dallas, and Jasper counties. Two...
A shot put is hurled at 9.43 m/s at an angle of 55.0. Ignoring the height of the shot-putter, what is the range of the shot?
Should Bootstrap set its prices to increase employment or to generate funds for internal investment
A summary of data from Pinder Construction Supply Companys income statements and balance sheets for 2014 and 2013 follows. Total assets and owners equity at the beginning of 2013 were $1,360,000 and...
Data base management system 1. Explain the steps in the process of putting a relation straight into Boyce-Codd Normal Form (BCNF). 2. Convert the following table to an equivalent collection of tables...
Small Mom and Pop firms, like inner city grocery stores, sometimes exist even though they do not earn economic profits. How can you explain this?
What shape of a long-run average cost curve illustrates economies of scale, constant returns to scale, and diseconomies of scale?
The results of substantive testing of sales invoices at City Electronics are shown in table. The three strata correspond to different departments and the overall tolerable error is set at $40,000....
3. Given the continuous beam shown below, which span or spans should be loaded with a uniform distributed load to produce a maximum moment at support B? (5 points) SPAN 1 SPAN 2 SPAN 3 A B D 20 ft...
Complete the following writing assignment: Analyze the attached 10_pages. Write_about them, summarize what you read, and connect it to personal experiences. CHAPTER 8 Anxiety Disorders DAVID P....
As a manager of an airline company you want to learn the average weight of luggages checked in on a flight. From a sample of 1 6 luggages, you find the average to be 2 6 kg and the standard deviation...
What is the Manufacturing Cycle Efficiency? 11. Use High-Low to find the fixed and variable costs. Machine Month Costs Hours 12345678 $1,730,890 15,820 $1,753,860 13,980 $1,562,890 11,550 4...
Jimmy Padilla purchased a gravel pit in the current year for $944,232 and estimates that there will be a residual value in the land of $36,404 once resource extraction is complete. He estimates that...
For A = {1, 2, 3, 4, 5, 6, 7}, determine the number of (a) Subsets of A (b) Nonempty subsets of A (c) Proper subsets of A (d) Nonempty proper subsets of A (e) Subsets of A containing three elements...
Let (x) = x 2 - 9, g(x) = 2x, and h(x) = x - 3. Find each of the following. (((--) 2
Syntech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and requires $1,500 per month in fixed costs. Syntech sells 100 cameras per month. If they process the...
You are trying to decide whether to take a job after you graduate or go onto graduate school. Consider the following questions as you make your decision. A. Which of these costs, for the most part,...
Your roommate at school believes that all fixed costs are always avoidable. Do you agree? How would you explain your point of view to your roommate?
Assume a companys estimated sales is 23,000 units. Its desired ending finished goods inventory is 4,000 units, and its beginning finished goods inventory is 3,000 units. What is the required...
On 3 0 June 2 0 2 2 , the equity accounts of Parker Ltd consisted of: Share capital 2 0 0 , 0 0 0 ordinary shares, issued at $ 2 each , fully paid General reserve Retained earnings $ 4 0 0 , 0 0 0 3...
"To increase the total number of sales calls every month by 10," is an example of a(n): account analysis. sales positioning territory allocation. O account objective. sales quota

Why will firms in most markets be located at or close to the bottom of the long-run

Question:

Step by Step Answer:

Firms in most markets aim to be located at or close to the bottom of the longrun average cost curve ...View the full answer

Principles Of Economics

Students also viewed these Business questions