[Answered] When a firm produces 1000 widgets with total cost of 2000 and fixed cost of 1000, what is the ...

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Author Question: When a firm produces 1000 widgets with total cost of 2000 and fixed cost of 1000, what is the ... (Read 123 times)

acc299

Hero Member
Posts: 569

on: Jul 1, 2018

When a firm produces 1000 widgets with total cost of 2000 and fixed cost of 1000, what is the average variable cost?

A) 2
B) 1
C) 0.50
D) 0.20

Question 2

What is one reason consumers might demand a discount for quantity purchases?

A) higher storage costs
B) lower marginal cost
C) lower marginal benefit
D) price gouging

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Marked as best answer by a Subject Expert

Madisongo23

Sr. Member
Posts: 325

Reply #1 on: Jul 1, 2018

Answer to Question 1

B

Answer to Question 2

A

acc299

Member
Posts: 569

Reply 2 on: Jul 1, 2018

Thanks for the timely response, appreciate it

AISCAMPING

Member
Posts: 347

Reply 3 on: Yesterday

Great answer, keep it coming

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