Production and cost and market structures, Microeconomics

In the long-run equilibrium, each firm in a perfectly competitive industry will choose the plant size associated with minimum long-run average cost. Is this TRUE or FALSE? And why?
Posted Date: 11/25/2012 2:51:11 PM | Location : Canada







Related Discussions:- Production and cost and market structures, Assignment Help, Ask Question on Production and cost and market structures, Get Answer, Expert's Help, Production and cost and market structures Discussions

Write discussion on Production and cost and market structures
Your posts are moderated
Related Questions
How would you convert from moles of iron(III) oxide to moles of carbon monoxide?

Estimating Labour Productivity by Economic Sector for Target Year and its Change between Base and Target Year Contribution of each sector to GDP is known. The contribution of

Sir i am the student of MSC Economcis frin Dustabce University (AIOU)from Islamabad (Pakistan)my name is Mohammed Bilal Farooq and required the answer of the following questions Q

A company a product using labor (L) and raw material (R) with Q = 80L^0.2 R^0.8. If labor costs $20 per hour and raw material $40 per unit, what is the optimal combination (least c

The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be


what do you mean by social welfare function

Policy: Post-Communism Demolition of the Berlin Wall and take-down of the Iron Curtain hasn't significantly improved the situation in what are optimistically and euphemisticall

suppose either computers or televisions can be assembled with the following labor inputs: units produced: 1 2 3 4 5 6 7 8 9 10 total labor used: 3 7 12 18 25 33 42 54 70 90 Draw th

using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?