If an industry's long-run per-unit costs decrease as its output increases then
A. the firm is most likely a decreasing-cost industry.
B. the firm is most likely an increasing-cost industry.
C. the firm's long-run economic profits must be less than zero.
D. the firm is most likely a constant-cost industry.
Answer: A
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A company finds that at its present level of production, MR = MC at $14, MC = AVC at $15, and MC = ATC at $20. Your advice to the firm regarding its short-run operations is
A) to continue production, as it is earning an economic profit of $1 per unit. B) to continue production, as it is earning an economic profit of $6 per unit. C) to shut down. D) to continue production at a loss.
What is typically used for cross country comparisons of GDP?
a. purchasing power parity (PPP) b. exchange rate c. GDP per capita d. GDP
Consistently the investment target of pension funds, publicly traded real estate companies, and real estate funds, large commercial properties valued well over $10 million are often referred to as:
A. segmented property B. investment-grade property C. speculative-grade property D. immobile property
When a central bank buys or sells government bonds, it conducts:
(a) An open-market operation. (b) A reserve requirement. (c) Inter-bank lending. (d) None of the above.