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Author Question: A firm's average fixed cost when producing 2,000 units of output equals 10 . When only 1,000 units ... (Read 56 times)

BrownTown3

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on: Jun 30, 2018
A firm's average fixed cost when producing 2,000 units of output equals 10 . When only 1,000 units of output are produced:
 a. AFC must still equal 10.
 b. AFC must equal 20.
 c. AFC must equal 5.
 d. marginal cost must equal 20.

Question 2

Compute the actual investment in a mutual fund carrying a front-end load of 10 percent on a sum of 10,000 invested by an individual.
 a. 1,000
  b. 10,000
  c. 11,000
  d. 9,000
  e. 12,000


canderson530

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


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