Author Question: In the above figure, the best affordable point is A) 8 hamburgers and 0 magazines. B) 0 ... (Read 35 times)

wrbasek0 · **on:** Jun 29, 2018

In the above figure, the best affordable point is

A) 8 hamburgers and 0 magazines.
B) 0 hamburgers and 6 magazines.
C) 4 hamburgers and 3 magazines.
D) some combination that is not given above.

Question 2

The average variable cost curve shifts downward if

A) there is a decrease in fixed costs.
B) there is a technological advance.
C) the cost of a variable input increases.
D) the price of output decreases.