Question: Why in the short run does the AFC curve always slope down? 4 4. Why in the short nan does the AFC curve always slope

4. Why in the short nan does the AFC curve always slope
down?

Why in the short run does the AFC curve always slope down? 4

4. Why in the short nan does the AFC curve always slope down?

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:

The beam will fail when the maximum shear force is Vmax or the maximum bending moment is Mmax. Determine the magnitude M0 of the largest couple moments it will support. Units Used: kN = 103 N Given:...

Q:

tax Consider the market for apple juice. In this market, the supply curve is given by QS = 10PJ 5PA and the demand curve is given by QD = 100 15PJ + 10PT , where J denotes apple juice, A denotes...

Q:

1.Which U.S. president implemented well-known tax cuts designed to stimulate aggregate demand? a. Jimmy Carter b. Ronald Reagan c. George H. W. Bush d. Bill Clinton 10 points QUESTION 2 1.____...

Q:

Which U.S. president implemented well-known tax cuts designed to stimulate aggregate demand? a.Jimmy Carter b.Ronald Reagan c.George H. W. Bush d.Bill Clinton 10 points QUESTION 2 ____ inflation...

Q:

1) A retail shop has an outside display which has the time and temperature that is always correct. This is an example of 1) _______ A) a positive externality. B) a breakdown in communication between...

Q:

3} Assume that Petefs short run Total Cost Curve is TC = 20.000q- 2001';3 +4\". 3. :4 pts.) Calculate his {short run] Average Total Cost (ATE: for quantities of 50, 100, and 150 and sketch his ATC...

Q:

Can you please help me answer these questions based on the reading below? Thanks so much!!! APPLICATIONS OF SUPER AND FAVAIN A more elastic demand curve (b) A more inelastic demand one Demand for...

Q:

I. Which of the following is correct? a) The pivot of the budget line shows the substitution effect while a slope gives the income effect. b) The pivot of the budget line shows the substitution...

Q:

Answer will be appreciated please 46. Under monopolist competition, in long run firm may incur a. Profit b. Loss c. Normal profit d. Any of above 47. The process of distinguishing a product or...

Q:

please help me answer the following Multiple Choice 1.The MC curve must be*--* a.falling when the ATC curve lies below the marginal curve b.less than AFC when the average cost is rising c.rising when...

Q:

please help me answer the following Multiple Choice 1.The MC curve must be*--* a.falling when the ATC curve lies below the marginal curve b.less than AFC when the average cost is rising c.rising when...

Q:

4.2 List at least two disadvantages of the Periodic Inventory System. (2) QUESTION FIVE [13] Ace Wholesalers' have control accounts in the general ledger and subsidiary ledgers for their individual...

Q:

Question content area Part 1 One of the major disadvantages of forward contracts is they are subject to default risk their terms are not flexible their terms are flexible they are not subject to...

Q:

Which of the following series is weak stationary? Justify your answer (for each of the series) and state the assumptions you are using at cach step of your derivations. i). y, = , +6,,1 +0,, 2, where...

Q:

Which of the following series is weak stationary? Justify your answer (for each of the series) and state the assumptions you are using at cach step of your derivations. i). y, = E, + 0,, 1+0,, 2, t-1...

Q:

(3)Find the last five digits of 7^4000(7 to the power of 4000) using fast exponentiation. You can use a calculator for intermediate steps. (You will be working mod 100,000.)

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

1. Information that is currently accessible (recognition).

Q:

8. Based on the model in Fig. 10.2 in this chapter, analyse yourself and find out which cell you would place yourself in. Let another person in the group analyse you. Did he/she choose the same cell...

Q:

9. Take four examples from your own everyday life where someone has tried to influence you. Which of the seven influencing techniques mentioned above were used? Did they use any other influencing...