Author Question: Changes in the short-run total costs result from changes in only A) variable costs. B) fixed ... (Read 56 times)

K@

  • Hero Member
  • *****
  • Posts: 608
Changes in the short-run total costs result from changes in only
 
  A) variable costs.
  B) fixed costs.
  C) zero.
  D) total fixed costs.

Question 2

The marginal rate of technical substitution always equals
 
  A) the slope of the total product curve.
  B) the ratio of the marginal products of inputs.
  C) the change in output due to a change in the amount of one input.
  D) the distance between two isoquants.



meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library