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Author Question: In the figure above, when 40 units are produced the average fixed cost is A) 4. B) 8. C) 12. ... (Read 93 times)

panfilo

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on: Jun 29, 2018
In the figure above, when 40 units are produced the average fixed cost is
 
  A) 4.
  B) 8.
  C) 12.
  D) 20.

Question 2

The above table shows the marginal benefits and costs from production of fertilizer. There are no external benefits. Based on the data in the table, production of fertilizer has
 
  A) external benefits.
  B) external costs.
  C) no externalities.
  D) constant returns to scale.


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ntsoane kedibone

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


panfilo

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

meganmoser117

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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