Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 11, 2024

Underutilization is justified if there are gains from building bigger plants. One such reason is if a. the SRATC is below LRAC. b. LRAC curve

Underutilization is justified if there are gains from building bigger plants. One such reason is if a. the SRATC is below LRAC. b. LRAC curve is flat. c. LRAC is declining. d. LRAC is increasing. e. the firm passed its minimum efficient scale

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: John Sloman, Alison Wride

7th edition

978-027372130, 273721305, 978-0273721307

More Books

Students also viewed these Economics questions

Question

★★★★★

2011 Jun. 10 Adam Buckner and Amber Kwan have agreed to pool their assets and form a partnership to be called B&K Consulting. They agree to share all profits equally and make the following initial...

Answered: 1 week ago

Question

★★★★★

When would hiring external recruiters be more effective, even though it is more expensive? Discuss how you could mitigate risks involved in using external recruiters.

Answered: 1 week ago

Question

★★★★★

Does the instrument contain language that is biased based on gender, race and ethnicity, class, or disability?

Answered: 1 week ago

Question

★★★★★

Singer Inc. is a retailer operating in Edmonton, Alberta. Singer uses the perpetual inventory method. All sales returns from customers result in the goods being returned to inventory. (Assume that...

Answered: 1 week ago

Question

★★★★★

Creative Ideas Company has decided to introduce a new product. The new product can be manufactured by either a capital-intensive method or a labor-intensive method. The manufacturing method will not...

Answered: 1 week ago

Question

★★★★★

Engaging in a risk profile to weigh various insurance options is part of which phase of risk management? Identify Assess Risk Management Reduce Control A. Reduce risks B. Identify risks O C. Assess...

Answered: 1 week ago

Question

★★★★★

Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying the full invoice amount on day 30? 24.6% 37.2% 18.6% 8.1%

Answered: 1 week ago

Question

★★★★★

total monthly production costs are 10,000 on a lot of 250 units. you sell each unit for $150. If all 250 units sell each month, how would you calculate your annual profit

Answered: 1 week ago

Question

★★★★★

One way to determine the trend of a data set is to find ______________________. Question 36 options: a) percentage of non-overlapping data b) the split middle line of progress c) percentage of...

Answered: 1 week ago

Question

★★★★★

The annual salaries for 5 randomly selected people: Diana: $154,500 Clark: $76,000 Lois: $119,350 Bruce: $2,350,000,000 Barry: $68,000 Which would be the best measure of central tendency for this...

Answered: 1 week ago

Question

★★★★★

Your clients expect a 10% return on investment for podcast and a 15% ROI for TV ads. How would you calculate the expected profit for a client who invests $5500 on a podcast ad and $10,000 for a TV ad

Answered: 1 week ago

Question

★★★★★

Managerial Economics It is early April, 2021. You and your colleagues in Capitol Hill are busy discussing the $2.3 trillion infrastructure proposal. And you are tasked as the bipartisan leader to...

Answered: 1 week ago

Question

★★★★★

Consider your campus bookstore. Who do you think are the stakeholders ? What do you think are the critical success factors ?

Answered: 1 week ago

Question

★★★★★

(Appendix 1 1 .2) How could a CPA firm use mix variances to evaluate performance?

Answered: 1 week ago

Question

★★★★★

Materials and labor variances. Mason, Inc., produces backpacks. Recently established standard costs are as follows: materials, 10 pieces per unit at $.50 per piece; labor, 1 .50 hours per unit at...

Answered: 1 week ago

Previous Question Next Question