Question: Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 19. If the firm's min average

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation.

19. If the firm's min average cost is equal to 50$, then in the long run, it will always operate in a competitive market if the equilibrium price is between 405605. True/false Explain

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!

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 15. A firm has one machine that it uses to produce product Y. The machine has a...

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 9. Meital can work 4 extra hours for 10$ per hour or going home and order a...

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 12. Address the following demand and supply curves: ll] 20 3|] 4|] 50 6|] 1'0...

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 13. Simona is the only seller of pictures in the park. There are 2 Buyers of...

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 10. In a competitive market of good X, an increase in the maximum price by...

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 11. Suppose that there exists a tax per unit in market X. An increase of as in...

Please answer the following question. State whether the answer is true or false and provide a one sentence explanation. 14. If the government will give a $10 subsidy per ticket to sellers of special...

Please answer the following questions. State whether it is true or false and provide a one sentence explanation. The following questions (1-4) refer to the following table: Suppose two firms enters...

Please answer the following questions. State whether the answer is true or false and provide a one sentence explanation. The following information is relevant for m following questions 16-17. It is...

Please answer the following questions. State whether it is true or false and provide a one sentence explanation. The following questions (5-7) refer to the following graph: The following graph...

In a study relating the amounts of time required for room service delivery at a newly opened Radisson Hotel, 20 deliveries had a mean time of 24.2 min and a standard deviation of 8.7 min. The sample...

1. You observe the following condition: Our female sales representatives have lower customer defections than do our male sales representatives. (a) Propose the concepts and constructs you might use...

FIN 3 5 0 : Financial Principles Homework # 5 Chapter 7 : Stocks Total Points: 5 2 = 1 0 Jack, linc. Required return to stockholders = 1 2 . 0 % Just paid a Dividend of $ 2 . 0 0 Growth rate of...

5. Jack Jones, the materials manager at Precision Enterprises, is beginning to look for ways to reduce inventories. A recent accounting statement shows that the inventory investment for raw materials...

2. What we can learn from the past

17. In a communication context (choose which one), put plus (+) for the areas you find easy to perform and minus (-) for the areas you find difficult to perform. a. to present something to a larger...

2. Develop a good and lasting relationship