« previous next »

Author Question: Average variable cost is equal to A) average total cost minus average fixed cost. B) average ... (Read 123 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
Average variable cost is equal to
 
  A) average total cost minus average fixed cost.
  B) average total cost multiplied by output.
  C) total cost divided by output.
  D) the change in total cost divided by the change in output.

Question 2

The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is maximized when it produces
 
  A) 0 units of output.
  B) 5 units of output.
  C) 15 units of output.
  D) 20 units of output.


gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
How to find the derivative of a function when the base and exponent contain a variable x^x How to find the derivative of a function when the base and exponent contain a variable x^x
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library