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Author Question: In the above figure, at the best affordable point, the marginal rate of substitution is A) 0.5 of ... (Read 25 times)

newyorker26

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on: Jun 29, 2018
In the above figure, at the best affordable point, the marginal rate of substitution is
 
  A) 0.5 of a hamburger per magazine.
  B) 1 hamburger per magazine.
  C) 1.33 hamburgers per magazine.
  D) 8 hamburgers per magazine.

Question 2

Which curve intersects the AVC curve at its minimum point?
 
  A) the MC curve
  B) the ATC curve
  C) the AFC curve
  D) the MP curve


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bassamabas

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

C

Answer to Question 2

A


newyorker26

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

bigcheese9

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Reply 3 on: Yesterday
Wow, this really help

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