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

Author Question: Suppose a firm with the usual U-shaped cost curves is producing a level of output such that its ... (Read 34 times)

dabomba718

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022
Suppose a firm with the usual U-shaped cost curves is producing a level of output such that its short-run costs are as follows:
 ATC = $0.37 per unit
 AVC = $0.32 per unit
 AFC = $0.05 per unit
 MC = $0.43 per unit
Given these short-run costs, as the firm increases its output, which of the following statements is true?
◦ The point of diminishing average product of the variable factor has not yet been reached.
◦ Marginal product of the variable factor must be increasing.
◦ Marginal product of the variable factor is at its minimum point.
◦ Average product of the variable factor must be increasing.
◦ Marginal product of the variable factor must be decreasing.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dabomba718 on Oct 12, 2022

MajorWaffle

  • Full Member
  • ***
  • Posts: 177
Reply #1 on: Oct 12, 2022
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 50% of students answer this correctly


dabomba718

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
Excellent

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Impacts of glaciers on landscapes can be seen as (a) a U-shaped valley in Labrador, (b) a drumlin fi Impacts of glaciers on landscapes can be seen as (a) a U-shaped valley in Labrador, (b) a drumlin fi
Numerical pain level chart with word modifiers. Numerical pain level chart with word modifiers.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
Early geologists discovered evidence of past glaciations in U-shaped valleys Early geologists discovered evidence of past glaciations in U-shaped valleys
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library