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For the average total cost curve of a firm without economies of scale what happens to costs as output increases?
Wiki User
∙ 8y ago
costs go down
Wiki User
∙ 8y ago
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For the average total cost curve of a firm without economies of scale what happens to cost as output increases?
costs go down
Monopolistically competitive firms may not be able to produce goods at the lowest possible average cost. This statement is describing how monopolistically competitive firms might be?
without economies of scale
What is the difference between a mercantile system and a free enterprise system?
Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies. [APEX]
What is deflation in economics?
Deflation is when prices on average go down without productivity increases or technology changes making this happen. So the prices of computers going down is not deflation because technology changes have made this happen. This happens because there are fewer dollars in circulation This is the opposite of inflation where the prices increase.
Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
For the average total cost curve of a firm without economies of scale what happens to cost as output increases?
costs go down
For the average total cost curve of a firm without economies of scale what happen to costs as output increases?
costs go down
Traditional economies are also known as?
barter economies where goods and services are exchanged without the use of money.
What happens to the digits when you add 11 over and over to a two digit number?
The number of digits increases - without limit.
Monopolistically competitive firms may not be able to produce goods at the lowest possible average cost. This statement is describing how monopolistically competitive firms might be?
without economies of scale
What is the difference between a mercantile system and a free enterprise system?
Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies. [APEX]
What is deflation in economics?
Deflation is when prices on average go down without productivity increases or technology changes making this happen. So the prices of computers going down is not deflation because technology changes have made this happen. This happens because there are fewer dollars in circulation This is the opposite of inflation where the prices increase.
Is demand needed in equilibrium?
Yes. Equilibrium is created at the intersection of the Demand curve and Supply Curve. Equilibrium can be shifted if the Demand curve increases or decreases, and the same happens when the Supply curve increases or decreases. Without demand, you would just have a Supply curve.
What happens to equillibrium price when income increases?
As Gearge Gray said the equillibrium price gets attacked by twinkies when the income increases because twinkies like the equilibberium price without it they would be like a baseball without a bat, a cat without a heart, a drug addict without drugs, in other workds DEAD.USELESS. They love there twinkies with the angelic cream filling just as the twinkies love them. LIKE us and we'll LOVE you.<3
If you move out at 17 without parental consent what happens?
If you move out at 17 without parental consent, you can be reported as a runaway. Depending on the laws in your area, you may be required to return home or could face legal consequences. It is important to understand the legal implications of leaving home at a young age.
What happens when respirarion happens without oxygen?
then we could not breath.
What happens if you do not get oxygen for 15 minutes?
You are for sure dead. The average human can go 3 minutes without air, anything after that can cause permanent brain damage or death.
