« previous next »

Author Question: Average variable cost is equal to A) average total cost minus average fixed cost. B) average ... (Read 608 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
Average variable cost is equal to
 
  A) average total cost minus average fixed cost.
  B) average total cost multiplied by output.
  C) total cost divided by output.
  D) the change in total cost divided by the change in output.

Question 2

The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is maximized when it produces
 
  A) 0 units of output.
  B) 5 units of output.
  C) 15 units of output.
  D) 20 units of output.


gabrielle_lawrence

  • Sr. Member
  • ****
  • Posts: 353
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Menstrual cycle summary based on a 28-day (average) menstrual cycle. Menstrual cycle summary based on a 28-day (average) menstrual cycle.
An example of a homeostatically controlled variable: blood levels of glucose in a human. An example of a homeostatically controlled variable: blood levels of glucose in a human.
A fixed action pattern as an example of innate behaviour. A fixed action pattern as an example of innate behaviour.
Average Distribution of Incoming Solar Radiation Average Distribution of Incoming Solar Radiation
A random sample of 87 airline pilots recruited by an airline service had an average yearly ... A random sample of 87 airline pilots recruited by an airline service had an average yearly ...
Chart showing average yearly dose of radiation from natural and human-made sources Chart showing average yearly dose of radiation from natural and human-made sources
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library