How and why does a firms average-total-cost curve in the short run differ from its average-total-cost curve
Question:
How and why does a firm’s average-total-cost curve in the short run differ from its average-total-cost curve in the long run?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
In the long run a firm can adjust the factors of production that are ...View the full answer
Answered By
Wahome Michael
I am a CPA finalist and a graduate in Bachelor of commerce. I am a full time writer with 4 years experience in academic writing (essays, Thesis, dissertation and research). I am also a full time writer which assures you of my quality, deep knowledge of your task requirement and timeliness. Assign me your task and you shall have the best.
Thanks in advance
4.90+
63+ Reviews
132+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following graph is a typical long- run average total cost curve. Long-Run Average Total Cost Curve: Economies of scale exist for quantities between (Click to select) 60-100 /0-30 /0-60 /30-60....
-
Multiple Choice Questions 1. A perfectly competitive firm a. Chooses its price to maximize profits. b. Sets its price to undercut other firms selling similar products. c. Takes its price as given by...
-
A: Consider a firm whose technology has decreasing returns to scale throughout and who faces a recurring fixed cost. Denote the level of capita chosen in the long run at the lowest point of the long...
-
(1) How Does Strategy Respond to Environmental Factors Imprima Corporation is based in the United States and is examining the prospects for expanding into international markets with its main product,...
-
The amount of time Americans spend watching television is closely monitored by rms such as A. C. Nielsen because this helps to determine advertising pricing for commercials. (a) Do you think the...
-
19, 16, 48, 22, 7 Identify the five-number summary and find the interquartile range.
-
Consider the following two models where $E(\boldsymbol{\varepsilon})=\mathbf{0}$ and $\operatorname{Var}(\boldsymbol{\varepsilon})=\sigma^{2} \mathbf{I}$ : Model A: $\mathbf{y}=\mathbf{X}_{1}...
-
Carl has had a couple of good years in his new business. However, in the current year he has a net operating loss of $80,000. He does not feel that the future of his business is very bright. As his...
-
Payton Corporation will make an investment April 1, 2022. They will receive $9,000 every March 31 for the next six years (2023-2028). If Payton wants to earn 10% on the investment, how much should...
-
Telco Ltd. is a Danish telecom company that prepares consolidated financial statements in full compliance with IFRS 10. The company has expanded dramatically in Central Asia in recent years by...
-
Let P(5, 12) be a point on the circle x 2 + y 2 = 169 (see figure). (a) What is the slope of the line joining P and O(0, 0)? (b) Find an equation of the tangent line to the circle at P. (c) Let Q(x,...
-
Buffy is thinking about opening an amulet store. She estimates that it would cost $350,000 per year to rent the location and buy the merchandise. In addition, she would have to quit her $80,000 per...
-
Find the number of neutrons and protons in each of the following nuclei: 3 6 Li; 13 6 C; 31 15 P; 94 40 Zr.
-
What are the three main objectives of high-performing boards?
-
Under what circumstances would a project scoring system be used?
-
What are the important aspects of internal control as identified in the COSO Framework?
-
Why is diversity important in the composition of a governing board?
-
What are some budget types used in healthcare organizations?
-
What are two of the advantages associated with using strategic alliances?
-
This problem continues the Draper Consulting, Inc., situation from Problem 12-45 of Chapter 12. In October, Draper has the following transactions related to its common shares: Oct 1 Draper...
-
Draw the budget constraint for a person with income of $1,000 if the price of Pepsi is $5 and the price of pizza is $10. What is the slope of this budget constraint?
-
Draw some indifference curves for pizza and Pepsi. Explain the four properties of these indifference curves.
-
Draw a budget constraint and indifference curves for pizza and Pepsi. Show what happens to the budget constraint and the consumers optimum when the price of pizza rises. In your diagram, decompose...
-
Kia's employer paid for her education during the tax year. the cost of her tuition was a $9500 what is the maximum amount of employer-provided educational assistance that a taxpayer can exclude from...
-
A recent Gallup poll of 519 adults who flew in the past year found the following number of complaints about flying: Crowded seats (45), cost (16), dislike or fear of flying (57), safety measures...
-
De acuerdo con la Ley de Little, cul de los siguientes se puede usar para estimar el inventario de trabajo en proceso? a) Tiempo de proceso/Tiempo de ciclo b) Tasa de rendimiento por tiempo de flujo...
Study smarter with the SolutionInn App