The short-run average variable cost curve
a. is always downward-sloping
b. starts at the origin and always slopes upward
c. starts above the origin and always slopes upward
d. is a horizontal line intersecting the vertical axis
e. slopes downward at low rates of output, then slopes upward at higher rates of output
E
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In which of the following ways can national savings be calculated?
A) By deducting net exports and government expenditure from total output B) By deducting consumption and investment from total output. C) By deducting consumption and government expenditure from total output D) By deducting investment and government expenditure from total output
The curve labeled A in the above figure will shift rightward when
A) the price level falls. B) technology increases. C) population falls. D) the price level rises.
If a country must decrease current consumption to increase the amount of capital goods it produces today, then it must
A) be using resources inefficiently today, but will be more efficient in the future.
B) be producing along the production possibilities frontier today and its production possibilities frontier will shift outward if it produces more capital goods.
C) must be producing outside the production possibilities frontier and will continue to do so in the future.
D) must not have private ownership of property and will have to follow planning authorities' decisions today and in the future.
Why is there emphasis on non price competition in oligopoly?
What will be an ideal response?