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The shape of a firm's run average cost curve depends on how costs vary with .

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The shape of a firm's ________ run average cost curve depends on how costs vary with ________.

Question 1.

A perfectly competitive industry's supply curve is upward sloping.

▸ true

▸ false

Question 2.

The shape of a firm's ________ run average cost curve depends on how costs vary with ________.

▸ short; scale of operations

▸ short; no fixed factor of production

▸ long; scale of operations

▸ long; a fixed factor of production

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 62 times

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Do What Makes You Come Alive

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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