Question: Please answer correct explain plz asap plz a and b Don't answer by pen paper plz True or False a. If there are increasing returns

Please answer correct explain plz asap plz a and b

Don't answer by pen paper plz

True or False

a. If there are increasing returns to scale, then average costs are a decreasing function of output.

b. The total cost function c(w1, w2, y) expresses the cost per unit of output as a function of input

prices and output.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Please answer correct explain plz asap plz both are questions please Don't answer by pen paper plz a In your opinion, Is the number of Headcount of Front/Middle/Back reasonable and effective for this...

Q:

Please answer correct explain plz asap plz both are questions please answer Don't answer by pen paper plz 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does...

Q:

Please answer correct explain plz asap plz a b c Don't answer by pen paper plz .Jo sells beautiful flower bouquets at the Sunday markets. Assume the market for ower bouquets is perfectly competitive....

Q:

Please answer correct explain plz asap plz both are questions Don't answer by pen paper plz B. Study Questions and Problems #8 Note: For simplicity, assume the monopolist always faces a linear demand...

Q:

Please answer correct explain plz asap plz both are questions Don't answer by pen paper plz Sean Increase production from 3 to 4 fire engines. True or False: If Sean's Fire Engines were a competitive...

Q:

Please answer correct explain plz asap plz both are questions Don't answer by pen paper plz asap A country is said to be experiencing inflation when? A. prices of most goods and services are rising...

Q:

Please answer correct explain plz asap plz Don't answer by pen paper plz Attempts Average / 2 5. Individual Problems 9-5 Describe the difference in economic profit between a competitive firm and a...

Q:

Please answer correct explain plz asap plz Don't answer by pen paper plz False O O True O O O T sing the graph, complete the table that follows by indicating whether each statement is true or false....

Q:

Please answer correct explain plz asap both are questions Don't answer by pen paper plz An economist tor the Brookings Institution argues that \"a price on carbon would minimize the cost ot steering...

Q:

Please answer correct explain plz asap plz Don't answer by pen paper plz True or False. In the figure below, excess demand for the good at world price Pw is equal to quantity QT, calculated as Qc -...

Q:

How changes in political environment effects businesses?

Q:

1.What is the amount of 'Cash Flow from Investing Activities' as calculated in the Statement of Cash Flows for Year 1 for Lowell Inc using the information in the sheet attached here? A. (754) B....

Q:

The maximum loan - to - value ratio for an FHA loan is approximately Multiple Choice 9 0 percent. 9 7 percent. 9 9 percent. 1 0 0 percent.

Q:

Please help it's urgent thank you. please write 400-450 words. thank you QUESTION 4 (20 MARKS) The success of any project is dependent on a diverse range of skills, abilities and competencies of the...

Q:

3. What is the difference between perception and assessment of a particular everyday situation? Give at least three examples.

Q:

7. One or other combination of 16.

Q:

1. Discuss the following statements: a) Mastery is not the same as understanding. b) Being bigger than is not the same as being the thing that is bigger. c) The difference between order and disorder...