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Author Question: As output increases, the slope of the curve showing the firm's average fixed cost is A) first ... (Read 39 times)

jwb375

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on: Jun 29, 2018
As output increases, the slope of the curve showing the firm's average fixed cost is
 
  A) first negative, then positive.
  B) first positive, then negative.
  C) always negative.
  D) always positive.

Question 2

In the above figure, the competitive unregulated equilibrium is producing and consuming ________ tons of paper at a price of ________ per ton.
 
  A) 100; 150
  B) 100; 100
  C) 100; 50
  D) 200; 100


covalentbond

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

C

Answer to Question 2

D


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