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Author Question: What are two benefits of the new auto-emission standards? What will be an ideal ... (Read 81 times)

altibaby

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on: Jun 29, 2018
What are two benefits of the new auto-emission standards?
 
  What will be an ideal response?

Question 2

Suppose that a firm has an average variable cost of 52.50 when producing 120 units of output. What is the firm's total variable cost?
 
  What will be an ideal response?


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joshbk44

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Two benefits of the new auto-emission standards are: (1) a re-duction in carbon emissions, which brings a decrease in the contribution of human activity to global warming and climate change, and (2) cleaner air, which contributes to improved health.

Answer to Question 2

Because average variable cost is equal to total variable cost divided by the number of units of output, this means that the firm's total variable cost must be equal to its average variable cost multiplied by the number of units of output. Therefore, total variable costs are equal to (52.50)(120) = 6,300 .


altibaby

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

tkempin

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Reply 3 on: Yesterday
Excellent

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