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Author Question: In the above figure, the best affordable point is A) 8 hamburgers and 0 magazines. B) 0 ... (Read 45 times)

wrbasek0

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on: Jun 29, 2018
In the above figure, the best affordable point is
 
  A) 8 hamburgers and 0 magazines.
  B) 0 hamburgers and 6 magazines.
  C) 4 hamburgers and 3 magazines.
  D) some combination that is not given above.

Question 2

The average variable cost curve shifts downward if
 
  A) there is a decrease in fixed costs.
  B) there is a technological advance.
  C) the cost of a variable input increases.
  D) the price of output decreases.


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shayla

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

C

Answer to Question 2

B


wrbasek0

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
:D TYSM

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