Geo Sports, a football gear manufacturer, is considering expanding its factory. Which of the following describes the best conditions for a factory expansion?
a. The long-run average total cost curve is a horizontal line.
b. The slope of the long-run average total cost curve is positive.
c. The slope of the long-run average total cost curve is negative.
d. The slope of the long-run average total cost curve is zero.
c
Economics
You might also like to view...
How do firms and households interact in markets?
What will be an ideal response?
Economics
According to Hughes and Cain (2011), all of the following have been primary motives throughout American history for government regulation except
(a) the existence of monopoly power (b) quality control of products and services (c) funding of government activities through taxation (d) raising wages and improving working conditions
Economics