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

Author Question: The least-cost way of producing a particular rate of output is represented by a point of tangency ... (Read 20 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The least-cost way of producing a particular rate of output is represented by a point of tangency between a short-run average cost curve and the
 a. total cost curve
  b. short-run average total cost curve
  c. average variable cost curve
  d. long-run average cost curve
  e. marginal cost curve

Question 2

Marginal cost indicates how much total cost increases if one more unit is produced or how much total cost drops if production declines by one unit.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


jerry coleman

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you


Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

How to convert units of any rate to another (Part 3) How to convert units of any rate to another (Part 3)
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ... Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
Total Fertility Rate in Japan: Actual versus Forecast Total Fertility Rate in Japan: Actual versus Forecast
A certain car traveling at 34.0 mph skids to a stop in 29 meters from the point where the ... A certain car traveling at 34.0 mph skids to a stop in 29 meters from the point where the ...
Producing human insulin in E. coli Producing human insulin in E. coli
Video: Effect of the environment on coat color in the Himalayan rabbit Animation

For a complete list of videos, visit our video library