« previous next »

Author Question: The firm's supply curve is its A) marginal cost curve, at all points above the minimum average ... (Read 103 times)

Sportsfan2111

  • Hero Member
  • *****
  • Posts: 585
on: Jun 29, 2018
The firm's supply curve is its
 
  A) marginal cost curve, at all points above the minimum average variable cost curve.
  B) marginal cost curve, at all points above the minimum average fixed cost curve.
  C) marginal cost curve, at all points above the minimum average total cost curve.
  D) marginal revenue curve, at all points above the minimum average total cost curve.

Question 2

Winnie's Car Wash is a perfectly competitive firm. The table above shows Winnie's total product schedule. If the price of a car wash is 4 and the wage rate is 70 per day, how many workers should Winnie employ to maximize his profit?
 
  A) 1
  B) 2
  C) 3
  D) 4


bigsis44

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

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?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

blood supply blood supply
Average optimal blood pressure for age Average optimal blood pressure for age
The Radioactive Decay Curve The Radioactive Decay Curve
Blood Supply of the Liver Blood Supply of the Liver
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2] Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2]
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library