This topic contains a solution. Click here to go to the answer

Author Question: In the above figure, the best affordable point is A) 8 hamburgers and 0 magazines. B) 0 ... (Read 14 times)

wrbasek0

  • Hero Member
  • *****
  • Posts: 560
In the above figure, the best affordable point is
 
  A) 8 hamburgers and 0 magazines.
  B) 0 hamburgers and 6 magazines.
  C) 4 hamburgers and 3 magazines.
  D) some combination that is not given above.

Question 2

The average variable cost curve shifts downward if
 
  A) there is a decrease in fixed costs.
  B) there is a technological advance.
  C) the cost of a variable input increases.
  D) the price of output decreases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

shayla

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

C

Answer to Question 2

B




wrbasek0

  • Member
  • Posts: 560
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Excellent

 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library