« previous next »

Author Question: Refer to Table 11-7. What is the average total cost of production when the firm produces 120 ... (Read 171 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
Refer to Table 11-7. What is the average total cost of production when the firm produces 120 lanterns?
 
  A) 1,680 B) 72 C) 14 D) 12.3

Question 2

A perfectly competitive firm's supply curve is its
 
  A) marginal cost curve above its minimum average fixed cost.
  B) marginal cost curve above its minimum average total cost.
  C) marginal cost curve.
  D) marginal cost curve above its minimum average variable cost.


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 29, 2018
Thank you :)


bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Complete the table by dragging the white labels to the gray targets, the blue la Complete the table by dragging the white labels to the gray targets, the blue la
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
The production of electricity from coal is inefficient The production of electricity from coal is inefficient
table table
Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ... Refer to Scenario 3.1. If the price of potato chips is $0.50 and the price of Cola is $4.00, ...
Video: B cells and antibodies

For a complete list of videos, visit our video library