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

Author Question: All these curves are U-shaped except a. Average fixed cost curve b. Marginal cost curve c. ... (Read 50 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 1, 2018
All these curves are U-shaped except
 a. Average fixed cost curve
  b. Marginal cost curve
  c. Average variable cost curve
  d. Average total cost

Question 2

Demand is given by QD = 620 - 10P and supply is given by QS = 100 + 3P. What is the price and quantity when the market is in equilibrium?
 a. The price will be 30 and the quantity will be 132 units.
  b. The price will be 11 and the quantity will be 122 units.
  c. The price will be 40 and the quantity will be 220 units.
  d. The price will be 35 and the quantity will be 137 units
  e. The price will be 10 and the quantity will be 420 units.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jul 1, 2018
Wow, this really help

Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

A fixed action pattern as an example of innate behaviour. A fixed action pattern as an example of innate behaviour.
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
But tortoises on lusher islands where grass is plentiful and the need to reach into trees not so fre But tortoises on lusher islands where grass is plentiful and the need to reach into trees not so fre
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
Average Global Temperature Rise over the Past Century Average Global Temperature Rise over the Past Century
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
Video: ADH and the arterioles, kidneys, sweat glands and the Atrial natriuretic peptide (ANP)

For a complete list of videos, visit our video library