[Answered] The marginal cost curve intersects the average total cost and average variable cost curves at their ...

This topic contains a solution. Click here to go to the answer

Author Question: The marginal cost curve intersects the average total cost and average variable cost curves at their ... (Read 230 times)

yoooooman

Hero Member
Posts: 557

on: Jun 30, 2018

The marginal cost curve intersects the average total cost and average variable cost curves at their minimum points.
Indicate whether the statement is true or false

Question 2

A firm's economic profit is the difference between the accounting profit and total fixed costs of the firm.
a. True
b. False
Indicate whether the statement is true or false

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

yasmin

Sr. Member
Posts: 319

Reply #1 on: Jun 30, 2018

Answer to Question 1

T

Answer to Question 2

False

yoooooman

Hero Member
Posts: 557

Reply #2 on: Jun 30, 2018

Thank you

yasmin

Sr. Member
Posts: 319

Reply #3 on: Jun 30, 2018

No problemo

« previous next »

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.