« previous next »

Author Question: On a graph of production costs, the vertical distance between the fixed cost curve and the total ... (Read 119 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
On a graph of production costs, the vertical distance between the fixed cost curve and the total cost curve at a specific quantity represents
 a. variable cost
  b. average variable cost
  c. average total cost
  d. average fixed cost
  e. marginal cost

Question 2

If labor is a firm's only variable input, marginal cost ultimately depends on
 a. fixed cost
  b. how much profit is made
  c. the price of the good produced
  d. how much output each worker produces
  e. fixed cost per unit


bassamabas

  • Sr. Member
  • ****
  • Posts: 294
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
How to sketch a graph of a function using calculus only (Part 3) How to sketch a graph of a function using calculus only (Part 3)
Type of Interactions, Model, Examples and Dependence of Energy on Distance Type of Interactions, Model, Examples and Dependence of Energy on Distance
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
Graph shows the living arrangements of Canadian seniors Graph shows the living arrangements of Canadian seniors
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library