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Author Question: If the total cost of production for 1000 widgets is 2000 and marginal cost is constant at 1, what is ... (Read 97 times)

storky111

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on: Jul 1, 2018
If the total cost of production for 1000 widgets is 2000 and marginal cost is constant at 1, what is the average fixed cost for the 1000 widgets?
 
  A) 2
  B) 1.50
  C) 1
  D) 0.50

Question 2

The marginal tax rate from the food stamp program is _____.
 
  a. zero
  b. 10 percent
  c. 20 percent
   d. 30 percent


lolol

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

C

Answer to Question 2

d


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storky111

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Reply #2 on: Jul 1, 2018
Thank you


lolol

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Reply #3 on: Jul 1, 2018
No problemo


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