A constant-cost industry
A) has a downward sloping long-run supply curve.
B) is one in which an increase in demand is matched by a proportional increases in long-run supply.
C) has a horizontal long-run supply curve.
D) generates increasing profits whenever demand increases because the new long-run equilibrium price is above the old price even though average costs have not changed.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A constant-cost industry A) has a downward sloping long-run supply curve. B) is one in which an increase in demand is matched by a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When is it better to file married filing separately?
Answers (1)
Atlas Manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. Currently Atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year.
Answers (1)
Which of the following is true of a transnational strategy? A. Uses licensing extensively outside of the "home" country B. Uses standardized products C. Uses domestic model globally D. Exploits the economies of scale and learning
Answers (1)
Carleton is an employee in the Design/Pre-Construction pathway and typically works outside. Judd also works outside and is typically found building new roofs on buildings. Which best describes the jobs of Carleton and Judd? A.
Answers (2)
What are three things you can do to avoid a record being misfiled or lost
Answers (1)
New Questions in Business
In the resource-based view of the firm, examples of tangible resources include: Select one: a. outstanding customer service, innovativeness of products, and reputation b.
Answers (1)
Off-Line Co. has 9,000 units in beginning finished goods. The sales budget shows expected sales to be 36,000 units. If the production budget shows that 42,000 units are required for production, what was the desired ending finished goods?
Answers (1)
g resh bought 1,000 shares of Ibis Corporation stock for $5,600 on January 15, 2017. On December 31, 2019, she sold all 1,000 shares of her Ibis stock for $4,800.
Answers (1)
The last stage of the new-product development process is
Answers (1)
Divided Fantastic Frames sells its frames for $15 per unit. Variable costs total $6 per unit, and fixed costs total $90,000. If Fantastic Frames increases sales by
Answers (1)