Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 438 Weeks Ago, 1 Day Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Economics Posted 19 Jun 2017 My Price 5.00

A firm’s long-run total cost curve is Derive the equation for the corresponding long-run average cost curve

A firm’s long-run total cost curve is  Derive the equation for the corresponding long-run average cost curve, AC(Q). Given the equation of the long run average cost curve, which of the following statements is true?

a) The long-run marginal cost curve MC(Q) lies below AC(Q) for all positive quantities Q.

b) The long-run marginal cost curve MC(Q) is the same as the AC(Q) for all positive quantities Q.

c) The long-run marginal cost curve MC(Q) lies above the AC(Q) for all positive quantities Q.

d) The long-run marginal cost curve MC(Q) lies below AC(Q) for some positive quantities Q and above the AC(Q) for some positive quantities Q.

 

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 19 Jun 2017 09:06 AM My Price 5.00

-----------

Attachments

file 1497864466-1909984_1_636334278707936977_Cost-Curve.xlsx preview (201 words )
19-----------099-----------84&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------515-----------760-----------Cos-----------t c-----------urv-----------eA -----------fir-----------mâ€-----------™s -----------lon-----------g-r-----------un -----------tot-----------al -----------cos-----------t c-----------urv-----------e i-----------s ----------- D-----------eri-----------ve -----------the----------- eq-----------uat-----------ion----------- fo-----------r t-----------he -----------cor-----------res-----------pon-----------din-----------g l-----------ong------------ru-----------n a-----------ver-----------age----------- co-----------st -----------cur-----------ve,----------- AC-----------(Q)-----------. G-----------ive-----------n t-----------he -----------equ-----------ati-----------on -----------of -----------the----------- lo-----------ng -----------run----------- av-----------era-----------ge -----------cos-----------t c-----------urv-----------e, -----------whi-----------ch -----------of -----------the----------- fo-----------llo-----------win-----------g s-----------tat-----------eme-----------nts----------- is----------- tr-----------ue?-----------a) -----------The----------- lo-----------ng------------run----------- ma-----------rgi-----------nal----------- co-----------st -----------cur-----------ve -----------MC(-----------Q) -----------lie-----------s b-----------elo-----------w A-----------C(Q-----------) f-----------or -----------all----------- po-----------sit-----------ive----------- qu-----------ant-----------iti-----------es -----------Q.a-----------) C-----------orr-----------ect----------- An-----------swe-----------rb)----------- Th-----------e l-----------ong------------ru-----------n m-----------arg-----------ina-----------l c-----------ost----------- cu-----------rve----------- MC-----------(Q)----------- is----------- th-----------e s-----------ame----------- as----------- th-----------e A-----------C(Q-----------)
Not Rated(0)