Good W Is Produced in a Competitive Industry with Increasing

question 64

Multiple Choice

Good W is produced in a competitive industry with increasing costs of production.The figure below shows how a typical firm's long-run average cost curve shifts upward as industry output of good W expands.With 50 firms in the industry,each firm faces an identical long-run average cost curve given by LAC.With 80 firms in the industry,each firm faces an identical long-run average cost curve given by LAC'.And with 120 firms in the industry,each firm faces an identical long-run average cost curve given by LAC''. When industry output in long-run competitive equilibrium is 96,000,the long-run marginal cost (LMC) of producing the 96,000th unit of good W is $_________.

• A)$6
• B)$10
• C)$16
• D)cannot be determined from the information given

Comprehend the psychological and social factors contributing to online affairs and cybersex.

Determine the reasons why online infidelity and cybersex are appealing.

Know the typical profiles and motivations of people involved in cyberpornography and hacking.

Understand the concept and outcomes of identity theft, including preventive measures.

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Definitions:

Federal Military

The combined armed forces of a federal nation, including the army, navy, air force, and sometimes other branches, under the control of a national government.

Western Territories

Regions in the United States located west of the Mississippi River that were acquired and settled during the 19th century, playing a key role in the country's expansion.

British Plans

This term could refer to strategies or intentions of the British government, military, or other entities, in various historical contexts, and therefore requires more specific context to define accurately.

Treaty Of San Lorenzo

Also known as Pinckney's Treaty of 1795, it established friendly relations between the United States and Spain, defining Florida's boundary and granting the U.S. rights to navigate the Mississippi.