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

Author Question: Marginal cost is ________ average variable cost when ________. (Read 11 times)

sam.t96

  • Hero Member
  • *****
  • Posts: 570
on: Apr 19, 2019

Question 1

Diminishing marginal returns implies


◦ decreasing average variable costs.
◦ decreasing marginal costs.
◦ increasing marginal costs.
◦ decreasing average fixed costs.

Question 2

Marginal cost is ________ average variable cost when ________.


◦ equal to; average total cost is minimized
◦ less than; total cost is maximized
◦ greater than; average fixed cost is minimized
◦ equal to; average variable cost is minimized.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sam.t96 on Apr 19, 2019

Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 64% of students answer this correctly


sam.t96

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Apr 19, 2019
Excellent


Kjones0604

  • Sr. Member
  • ****
  • Posts: 327
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

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?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
Cost Savings with an EHR System Cost Savings with an EHR System
How to find the derivative of a function when the base and exponent contain a variable x^x How to find the derivative of a function when the base and exponent contain a variable x^x
Typical Startup Cost Categories Typical Startup Cost Categories
How to find the average value of a function (Part 2) How to find the average value of a function (Part 2)
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library