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Author Question: A firm is producing output less than the output associated with the minimum point on the firm's ... (Read 55 times)

bobbie

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on: Apr 19, 2019

Question 1

In the short run a firm's lowest cost level of output is the minimum point on its ________ cost curve.


◦ average total
◦ total variable
◦ average fixed
◦ marginal

Question 2

A firm is producing output less than the output associated with the minimum point on the firm's short run average variable cost curve. At this level of output the firm uses its fixed capital input ________ and its variable labor input ________.


◦ at the lowest average cost; at the lowest average cost
◦ at the lowest average cost; at a level higher than the lowest average cost
◦ at a level higher than the lowest average cost; at the lowest average cost
◦ at a level higher than the lowest average cost; at a level higher than the lowest average cost
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbie on Apr 19, 2019

shayla

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbie

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Reply #2 on: Apr 19, 2019
TY


shayla

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Reply #3 on: Apr 19, 2019
You're welcome


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