Why are long-run costs always less than or equal to shortrun costs?
Question:
Why are long-run costs always less than or equal to shortrun costs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
DON'T SUMMARIZE JUST PARAGRAPH OF WHAT YOU THOUGHT/LEARNED CHAPTER 13 - The phrase "garbage in, garbage out" highlights the importance of input controls. If the data entered into a system are...
-
Python and most Python libraries are free to download or use, though many users use Python through a paid service. Paid services help IT organizations manage the risks associated with the use of...
-
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...
-
17. [1.1/2 Points] DETAILS PREVIOUS ANSWERS MY NOTES ASK YOUR TEACHER Write the composite function in the form f(g(x)). [Identify the inner function u-g(x) and the outer function y=f(u).) (Use...
-
Suppose a planet has an atmosphere of pure ammonia at 5.5 C. What is the rms speed of the ammonia molecules? (The molecular weight of ammonia, NH3, is 17.03 g/mol.)
-
Suppose the acceleration during the second section of the motion is too large to be comfortable for riders. What change could be made to decrease the acceleration during this section? A. Reduce the...
-
The agreement contained a liquidated damages clause that held, Should Employee voluntarily terminate or the Employer terminates his/her employment within one year of executing this Agreement,...
-
Patrick Corporations adjusted trial balance contained the following asset accounts at December 31, 2012: Prepaid Rent $12,000; Goodwill $50,000; Franchise Fees Receivable $2,000; Franchises $47,000;...
-
You need your client to send you a copy of a paper receipt so that you can match it to a gas expense in their QuickBooks Online. You create a client request and add a screenshot of the expense entry...
-
Draw a short-run marginal cost curve, short-run average cost curve, and long-run average total cost curve for an efficient firm producing where there are diseconomies of scale.
-
Draw a long-run average total cost curve. a. Why does it slope downward initially? b. Why does it eventually slope upward? c. How would your answers to a and b differ if you had drawn a short-run...
-
If the statement is in exponential form, write it in an equivalent logarithmic form. If the statement is in logarithmic form, write it in exponential form. -3 log4 64
-
Which of the dotplots given in Exercise 7.33 has the largest standard error, and which has the smallest standard error? Data From Exercise 7.33: A B 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 Sample...
-
Using the example of Jimmy the Human Fly, argue the case for the store owner.
-
Using the same ad as above, argue that it is an invitation to bid.
-
The implementation for Floyd's algorithm is inefficient for adjacency lists because the edges are visited in a bad order when initializing array \(\mathrm{D}\). What is the cost of of this...
-
The accompanying table shows data from the Penn World Table, Version 8.0, for real GDP per capita (2005 U.S. dollars) for Argentina, Ghana, South Korea, and the United States in 1960 and 2011....
-
If ∫∞ f(x) dx- is convergent and a and b are real numbers, show that f) dx + r) dx = f) dx + fx) dx
-
As of January 1, 2018, Room Designs, Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earnings. These were the only accounts with balances in the ledger on January...
-
Usury laws place a ceiling on interest rates that lenders such as banks can charge borrowers. Why would we expect low-income households in states with usury laws to have significantly lower levels of...
-
The U. S. Tobacco Settlement between the major tobacco companies and 46 states caused the price of cigarettes to jump 45 (21%) in November 1998. Levy and Meara (2005) found only a 2.65% drop in...
-
Calculate the price and cross- price elasticities of demand for coconut oil. The coconut oil demand function (Buschena and Perloff, 1991) is Q = 1,200 9.5p + 16.2pp + 0.2Y, where Q is the quantity...
-
The management of PBC Limited is considering whether or not to consolidate Golden Bean Hotel Ltd . because they were told by their consultants that companies are exempted from consolidation as far as...
-
HW Problem 4.1 - Record the following transactions for Retailer Company in the general journal. 12/1 12/2 12/5 12/8 Purchased $2,000 of merchandise from Vendor Co. with terms of 2/10 n/30 (invoice...
-
The solubility's of three salts in water are shown in the graph. Solubility (g/L) 1000 Pb(NO) 900 800- K.Cr.O, 700 600- 500 - 400- 300- KCI 200 100 0 10 20 30 40 50 60 70 80 90 100 Temperature (C)...
Study smarter with the SolutionInn App