A decreasing-cost industry will have:

a. a downward-sloping supply curve in the long run.
b. an upward-sloping demand curve in the long run.
c. a perfectly elastic long-run supply curve.
d. a perfectly inelastic long-run supply curve.

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Sonia DhawanLv10

28 Oct 2020

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Related questions

An increasing-cost industry is associated with:

a. An upsloping long-run demand curve.

b. An upsloping long-run supply curve.

c. A perfectly inelastic long-run supply curve.

d. A perfectly elastic long-run supply curve.

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9. A price-taking firm faces a A) perfectly inelastic demand. B) downward-sloping marginal revenue curve. downward-sloping supply curve. perfectly elastic demand. E) downward-sloping demand curve. D)

A decreasing-cost industry will have?

a.a downward sloping supply curve in the long run
b.an upward-sloping demand curve in the long run
c.a perfectly elastic long-run supply curve
d.a perfectly inelastic long-run supply curve

Which of the following is the best example of a decreasing-cost industry?

a.the health care industry
b.the college-education industry
c.the oil industry
d.the personal computer industry

The lowest rate of output per unit of time at which long-run average costs for a particular firm are at a minimum is

a.constant returns of scale
b.economies of scale
c.diseconomies of scale
d.minimum efficient scale

Which of the following would NOT be a short-run decision for the firm?

a.place an order with a supplier for additional raw materials
b.recall workers who were previously laid-off
c.build another wing on the plant in order to add a new assembly line
d.have labor work two hours overtime each day in order to expand output.