This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If we know the amount of total cost, average total cost, average variable cost, and marginal cost ... (Read 125 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: May 24, 2019
If we know the amount of total cost, average total cost, average variable cost, and marginal cost for each level of output, how can we find the level of output where the marginal product is the greatest?
◦ It is the output for which the marginal cost equals average variable cost.
◦ It is the output for which the total cost is maximized.
◦ It is the output for which the marginal cost is minimized.
◦ It is the output for which the marginal cost equals average total cost.
◦ There is no way to find where marginal product is the greatest knowing only cost data.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by skymedlock on May 24, 2019

Fayaz00962

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


skymedlock

  • Member
  • Posts: 561
Reply 2 on: May 24, 2019
Wow, this really help

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Controlled Experiments Manipulate a Variable Controlled Experiments Manipulate a Variable
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Generation of diversity by variable V-J joining mechanisms Generation of diversity by variable V-J joining mechanisms
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ... a solution is prepared in which a trace or small amount of Fe2+ is added to a much larger ...
Video: Embryonic development - Week 4

For a complete list of videos, visit our video library