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Small Kevin Neary

Budget: $15

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15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping. 15. The industry for wheat faces increasing fertilizer costs every single year a) long run average total cost curve is perfectly elastic at minimum average total cost curve b) in the long run, firms make zero economic profits because price always returns to the same minimum average total cost. c) in the long run, the industry shuts down because firms do not want to pay the increasing costs d) the long run supply curve is upward sloping.

Answer

Small Tutor Farzad Farzanegan

Answer is D because this firm faces increasing costs. ATC and MC is always increa...