Secure Cor is a home security provider. In the long run, Secure Cor can provide home...
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Secure Cor is a home security provider. In the long run, Secure Cor can provide home security for 20,000 homes each month at a total cost of $600,000, home security for 30,000 homes at a total cost of $750,000, or home security for 40,000 homes at a total cost of $800,000. Use the purple points (diamond symbol) on this graph to plot points of the long-run average cost curve at outputs of 20,000, 30,000, and 40,000 homes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. AVERAGE COST (Dollars per home per month) 50 0 10 30 HOMES SERVED (Thousands) 20 40 50 Average Cost Suppose that there are 40,000 households that purchase home security in this area. All of Secure Cor's potential rivals face the same long-run average cost curve. True or False: Because Secure Cor faces falling long-run average cost over the relevant output range, it would be inefficient for another firm to enter this home security market. O True O False Secure Cor is a home security provider. In the long run, Secure Cor can provide home security for 20,000 homes each month at a total cost of $600,000, home security for 30,000 homes at a total cost of $750,000, or home security for 40,000 homes at a total cost of $800,000. Use the purple points (diamond symbol) on this graph to plot points of the long-run average cost curve at outputs of 20,000, 30,000, and 40,000 homes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. AVERAGE COST (Dollars per home per month) 50 0 10 30 HOMES SERVED (Thousands) 20 40 50 Average Cost Suppose that there are 40,000 households that purchase home security in this area. All of Secure Cor's potential rivals face the same long-run average cost curve. True or False: Because Secure Cor faces falling long-run average cost over the relevant output range, it would be inefficient for another firm to enter this home security market. O True O False
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There are three purple points plotted on the graph at 20000 30000 and 40000 homes served The curve c... View the full answer
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
Posted Date:
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