« previous next »

Author Question: If pizza is measured on the horizontal axis and pretzels are measured on the vertical axis, the ... (Read 89 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
If pizza is measured on the horizontal axis and pretzels are measured on the vertical axis, the slope of the production possibility frontier at a given combination reflects
 
  A) the total cost of producing that combination.
  B) the total cost of producing that quantity of pizza in terms of pretzels.
  C) the cost of making the last pizza in terms of pretzels.
  D) the cost of making the last pretzel in terms of pizza.

Question 2

The marginal cost curve intersects the average fixed cost curve at its minimum.
 
  Indicate whether the statement is true or false
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

False. Marginal cost intersects average variable cost (and average cost) at its minimum.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

The planes of the body. The sagittal plane is vertical from front to back, the frontal plane is vert The planes of the body. The sagittal plane is vertical from front to back, the frontal plane is vert
Closed urinary drainage system. Urine being measured after it leaves patient’s body via catheter. Closed urinary drainage system. Urine being measured after it leaves patient’s body via catheter.
Vertical filing systems offer an alternative to traditional upright storage systems Vertical filing systems offer an alternative to traditional upright storage systems
Thermodynamic Diagrams and Vertical Temperature Profiles Thermodynamic Diagrams and Vertical Temperature Profiles
Cloud Types: Vertical Development Cloud Types: Vertical Development
How to reflect the quadratic function relative to the x-axis How to reflect the quadratic function relative to the x-axis
Video: Chemical Buffers - protein buffer, phosphate buffer system and bicarbonate buffer system

For a complete list of videos, visit our video library