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Author Question: The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 200 + 5Q. What is ... (Read 55 times)

Pea0909berry

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on: Jul 1, 2018
The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 200 + 5Q. What is the average fixed cost?
 
  A) 500
  B) 5Q
  C) 5
  D) 5 + (200/Q)
  E) none of the above

Question 2

The CPI in 1970 was 38.8 and in 1998 the CPI was 163.0. If the real value of a 1970 gallon of milk in terms of 1998 dollars is 0.70, what was the nominal price of milk in 1970?
 
  What will be an ideal response?


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peter

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

38.8(0.70)/163 = 0.17.


Pea0909berry

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Reply 2 on: Jul 1, 2018
Excellent

dantucker

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

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