For an Increasing Cost Industry,the Long-Run Supply Curve Has A(n)elasticity

question 35

Multiple Choice

For an increasing cost industry,the long-run supply curve has a(n) elasticity of supply

• A)infinite.
• B)negative.
• C)positive.
• D)zero.

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Definitions:

Capital Balances

The amounts of money or value of other assets owned by a company or individual, often reflective of equity or investment in business.

Income Ratios

Metrics used to evaluate a company's ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period.

Bonus

Additional compensation given to employees as an incentive or reward beyond their regular salary.

Capital Balances

The amount of money that the owners of a business have invested in it, typically represented in the equity section of the balance sheet.