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

Author Question: The table above gives the cost of producing T-shirts. When 5 T-shirts are produced, the average ... (Read 128 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 29, 2018
The table above gives the cost of producing T-shirts. When 5 T-shirts are produced, the average fixed cost is ________ and the average variable cost is ________.
 
  A) 4; 10
  B) 10; 6
  C) 5; 3
  D) 4; 6

Question 2

When the price of a CD is 13 per CD, 39,000,000 CDs per year are supplied. When the price is 15 per CD, 41,000,000 CDs per year are supplied. What is the elasticity of supply for CDs?
 
  A) 2.86
  B) 0.35
  C) 0.14
  D) 0.05


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cat123

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


tuffie

  • Member
  • Posts: 534
Reply 2 on: Jun 29, 2018
Gracias!

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

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).

(a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu (a) Mean duration (days) and (b) average maximum depth (mm) of snow cover throughout northern latitu
a) Lunge with your legs open to the table. b) Avoid lunging with your legs close to table. a) Lunge with your legs open to the table. b) Avoid lunging with your legs close to table.
Checklist for Choosing a Massage Table Cont. Checklist for Choosing a Massage Table Cont.
Perform horizontal stroking of the thigh by facing the table and placing hands on the thigh with ... Perform horizontal stroking of the thigh by facing the table and placing hands on the thigh with ...
Wet table and Vichy shower in a wet room. Wet table and Vichy shower in a wet room.
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Video: Neuron structure and function - sensory neurons, association neurons & motor neurons

For a complete list of videos, visit our video library