In the long run, a firm can choose
A) to operate at any point on only one short-run average total cost curve.
B) to operate along any short-run average total cost curves.
C) to operate along any short-run average variable cost curves.
D) to operate along any point of its short-run marginal cost curves.
Correct Answer:
Verified
Q32: If a firm is experiencing diseconomies of
Q33: How large a firm becomes is determined
Q34: A U-shaped long-run average cost curve indicates
Q35: In the case where a firm gains
Q36: Economies of scale are often confused with
A)market
Q38: Economies of scale can result from
A)larger machines.
B)specialization.
C)large
Q39: Economies of scope often occur because
A)a production
Q40: The long run is often referred to
Q41: The long-run and the planning horizon are
Q42: If average variable costs fall, marginal costs
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents