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Social Science Clinic => Economics => Topic started by: Diane on Apr 19, 2019

Title: Both Stan and Kyle own potato chip factories. Stan's factory has low fixed costs and high variable ...
Post by: Diane on Apr 19, 2019

Both Stan and Kyle own potato chip factories. Stan's factory has low fixed costs and high variable costs. Kyle's factory has high fixed costs and low variable costs. Currently, each factory is producing 5,000 bags of potato chips at the same total cost. Complete the following statement with the correct answer. If each produces

◦ less, their costs will be equal.
◦ more, their costs will be equal.
◦ more, the costs of Kyle's factory will exceed those of Stan's factory.
◦ less, the costs of Kyle's factory will exceed those of Stan's factory.

Title: Both Stan and Kyle own potato chip factories. Stan's factory has low fixed costs and high variable ...
Post by: Heffejeff on Apr 19, 2019

less, the costs of Kyle's factory will exceed those of Stan's factory.

Title: Both Stan and Kyle own potato chip factories. Stan's factory has low fixed costs and high variable ...
Post by: Diane on Apr 19, 2019

Excellent

Title: Both Stan and Kyle own potato chip factories. Stan's factory has low fixed costs and high variable ...
Post by: Heffejeff on Apr 19, 2019

Great! Please up vote :D

Title: Re: Both Stan and Kyle own potato chip factories. Stan's factory has low fixed costs and high variab
Post by: Kassi Kazimer on Feb 28, 2020

Thank you