Ask Question
BusinessBusiness
12 April, 16:18

An industry in which the firm's cost structures do not vary with changes in production will have a long-run supply curve that rev: 06_26_2018 Multiple Choice is perfectly elastic. is perfectly inelastic. slopes downward. slopes upward.

+3
Answers (1)
  1. 12 April, 18:58
    0
    A constant cost industry is characterized with constant cost conditions. This means that the input price does not increases with the the increase in demand.

    Such industry will have a horizontal supply curve in the long run. This is because an increase or decrease in the output level will not cause any change in the price of inputs. The price of product will remain the same. As the output level goes on increasing the cost will remain constant.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An industry in which the firm's cost structures do not vary with changes in production will have a long-run supply curve that rev: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Ch. 11 what are the four characteristics used to classify retailers?
Answers (2)
North slope realty co. pays weekly salaries of $7,900 on friday for a five-day week ending on that day.
Answers (1)
An employer may legitimately decide not to hire individuals of a given gender if:
Answers (1)
When making broccoli cream soup, the broccoli and aromatics should be A. burned. B. simmered. C. puréed. D. sweated.
Answers (2)
The Kirkland Department of Delta Company began the month of December with beginning work in process of "4,000" units that are "100%" complete as to materials and "30%" complete as to conversion costs. Units transferred out are "10,000" units.
Answers (1)
New Questions in Business
A firm has three different production facilities, all of which produce the same product ... While reviewing the firm's cost data, Jasmin, a manager, discovers that one of the plants has a higher average cost than the other plants and suggests
Answers (1)
Five jobs are waiting to be processed. Their processing times and due dates are given below. Using the shortestprocessing time dispatching rule, in which order should the jobs be processed?
Answers (1)
Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.
Answers (1)
Which of the following comparisons best isolates the impact of a change in activity on performance?
Answers (1)
If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of
Answers (1)
Home » Business » An industry in which the firm's cost structures do not vary with changes in production will have a long-run supply curve that rev: 06_26_2018 Multiple Choice is perfectly elastic. is perfectly inelastic. slopes downward. slopes upward.
Sign Up Forgot Password?