A student has just written on an exam that, in the long run, fixed cost will make
Question:
A student has just written on an exam that, in the long run, fixed cost will make the average total cost curve slope downward. Why will the professor mark it incorrect?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Siddhant kumar shukla
I Have started giving tution to students upto 5th class when I was in 9th after that I have given tution till my boards in 12th. Onwards, when gone delhi for graduation then started teaching in sky coaching centre to 9th and 10th class students . Studyinn played a very important role in helping me sharing my knowledge with others as well as economically supporting me in all situations .You can see my profile on LinkedIn by:
https://www.linkedin.com/in/siddhant-kumar-shukla-5944701b3
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
A student has just written on an exam that technological change will mean that the cost curve is downward-sloping. Why did the teacher mark it wrong?
-
This case was written by Professor Michele Greenwald, Visiting Professor of Marketing at HEC Paris, for use with Advertising and Promotion: An Integrated Marketing Communications Perspective 7th...
-
An orange grower in Florida faces a dilemma. The weather forecast is for cold weather, and there is a 50% chance that the temperature tonight will be cold enough to freeze and destroy his entire...
-
The air in your room is composed mostly of oxygen (O2) and nitrogen (N2) molecules. The oxygen molecules are more massive than the nitrogen molecules. (a) Is the rms speed of the O2 molecules greater...
-
A Ford Mustang can accelerate from 0 to \(60 \mathrm{mph}\) in a time of 5.6 s. A Mini Cooper isn't capable of such a rapid start, but it can turn in a very small circle \(34 \mathrm{ft}\) in...
-
Hemlock Semiconductor Operations, LLC, and SolarWorld Industries Sachsen GmbH, are both companies involved in the manufacture of components for solar power products. Prior to the lawsuit, the two...
-
Takemoto Corporation borrowed $60,000 on November 1, 2010, by signing a $61,350, 3-month, zero-interest-bearing note. Prepare Takemotos November 1, 2010, entry; the December 31, 2010, annual...
-
Mary, Shannon, and Anika each invested $9,000, $25,000, and $18,000, respectively, into a business. a. Calculate their investment ratio reduced to the lowest terms. 0 : 0 : 0
-
Why could diseconomies of scale never occur if production relationships were only technical relationships?
-
A dressmaker can sew 800 garments with 160 bolts of fabric and 3,000 hours of labor. Another dressmaker can sew 800 garments with 200 bolts of fabric and 2,000 hours of identical labor. Fabric costs...
-
Zigna Ltd sold goods priced 9,00,000 to Sigma Ltd. on July 1, 2010 for a credit period of two months, which is also the normal credit period in the industry to which Zigna LTd belongs. Zigna allows...
-
In given list: [3, 9, 5, 4, 8, 1, 5, 2, 7, 6]. Apply heapify over this to make a min heap and sort the elements in decreasing order?
-
Converting Decimal Numbers to Binary Numbers using stack data structure. store reminders into the stack and then print the stack.
-
Find and analyze a contract that requires a co-signer.
-
As in Illustration 5.1-1 it is desired to produce liquefied methane; however, the conditions are now changed so that the gas is initially available at 1 bar and 200 K, and methane leaving the cooler...
-
The total inductance \(L_{\mathrm{P}}\) of a solid cylindrical conductor (of radius \(r\) ) due to both internal and external flux linkages out of distance \(\mathrm{D}\) is given by (in \(\mathrm{H}...
-
Estimate the numerical value of ex2 dx by writing it as the sum of 4 ex2 dx and ex2 dx. Approximate the first integral by using Simpsons Rule with n = 8 and show that the second integral is smaller...
-
A researcher reports a significant two-way between-subjects ANOVA, F(3, 40) = 2.96. State the decision to retain or reject the null hypothesis for this test.
-
Derive and plot Olivias demand curve for pie if she eats pie only la mode and does not eat either pie or ice cream alone (pie and ice cream are complements).
-
Illustrate the logic of the endowment effect using a kinked indifference curve. Let the angle be greater than 90. Suppose that the prices change, so the slope of the budget line through the endowment...
-
Suppose that for the production function q = f( L, K), if L = 3 and K = 5 then q = 10. Is it possible that L = 3 and K = 6 also yields q = 10 for this production function? Why or why not?
-
Required information [The following information applies to the questions displayed below.) Valley Company's adjusted account balances from its general ledger on August 31, its fiscal year-end,...
-
Presented below is pension worksheet for Maytown Engineering Company pension plan for 2026. Maytown Engineering Company Pension Worksheet General Journal Entries Annual Pension Items Expense Cash...
-
During 2023, Jaidev's Copper Mine Inc. (JCMI) built the infrastructure for an open pit copper mine in a remote area in Northern British Columbia at a total cost of $20 million paid in cash. The mine...
Study smarter with the SolutionInn App