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Author Question: Refer to Table 13-3. What is its average variable cost of production at its optimal output level? ... (Read 99 times)

michelleunicorn

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Refer to Table 13-3. What is its average variable cost of production at its optimal output level?
 
  A) 0 (because its optimal output = 0 ) B) 15
  C) 14.75 D) 29

Question 2

For a perfectly competitive firm, average revenue is equal to
 
  A) average fixed cost. B) marginal cost. C) the market price. D) total revenue.


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Jayson

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michelleunicorn

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


tanna.moeller

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Reply 3 on: Yesterday
:D TYSM

 

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