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irinina [24]
3 years ago
12

When the LRAC curve has a clear minimum point, then

Business
2 answers:
Wewaii [24]3 years ago
6 0

Answer:

The correct answer is option (a) any firm producing a different quantity will have higher costs .

Explanation:

LRAC curve means long-run average cost

The LRAC curve is a u-shape curve that shows the lowest cost of production per unit based on it's  output level with variable factors of production.

A firm uses the LRAC curve to determined the lowest cost of producing one unit of a particular goods. If the firm chooses to produce more quantity of goods, the cost will be higher.

The minimum point on the curve shows the lowest cost of production per unit.

ladessa [460]3 years ago
4 0

Answer:

The correct answer is a. any firm producing a different quantity will have higher costs .

Explanation:

The LRAC curve determines the relationship between everything assumed by production in order to produce a certain quantity of goods. In this case, when a minimum point is presented, every producing entity will have an increase in costs, because this situation determines an inverse relationship between the two variables studied. in case the fund is flat, it is understood that the company is capable of competing in the market.

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The major reason a country might choose to devalue its currency is to encourage exports.

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Devaluation refers to the downward movement in the value of the country's currency. The government that issues the currency has the power to devalue its currency.

Devaluating the currency reduces the cost of a country's exports and reduces trade deficits. For encouraging exports, a country chooses to devalue the currency.

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2 years ago
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After the Russian Empire developed into the communist Soviet Union, which of the following typified life for the common people?S
Diano4ka-milaya [45]

Answer:

Option A Low standard of living

Option C Food shortages

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Explanation:

These were the results of communism in the Soviet Union, the productivity of employees fell below average country and the soviet union products lost its way which resulted in increase in unemployment, lower standard of living and food shortages. So as we know that the country which pursue communism in those times, they didn't gave any freedom of speech and and religion. So these were the losses to Soviet Union and its allies.

6 0
3 years ago
When using email to request action, the subject line should be as vague as possible.
Allisa [31]

Answer:

False

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