This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the above table, the average total cost of producing 14 units of output is A) 5.71. B) 6.75. ... (Read 86 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
In the above table, the average total cost of producing 14 units of output is
 
  A) 5.71.
  B) 6.75.
  C) 7.00.
  D) 7.86.

Question 2

In monopolistic competition, in the long run customers pay a price that is
 
  A) less than the minimum ATC.
  B) more than the minimum ATC.
  C) equal to both the minimum ATC and the minimum AVC.
  D) equal to the minimum ATC, but not equal to the minimum AVC.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Haya94

  • Member
  • Posts: 558
Reply 2 on: Jun 29, 2018
Excellent

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Periodic Table Periodic Table
Periodic Table of the Elements Periodic Table of the Elements
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Cells are the basic units of life Cells are the basic units of life
(a) Graph for converting values to p values. (b) Table of values for selected values of df (a) Graph for converting values to p values. (b) Table of values for selected values of df
Letter Frequency Table Letter Frequency Table
Video: EpiPen Animation (Part 1)

For a complete list of videos, visit our video library