Author Question: The elasticity of the momentary supply curve for any good always equals A) zero. B) one. C) ... (Read 94 times)

bcretired · **on:** Jun 29, 2018

The elasticity of the momentary supply curve for any good always equals

A) zero.
B) one.
C) positive infinity.
D) None of the above answers is correct.

Question 2

The table above gives the cost of producing T-shirts. The total fixed cost is ________ and the marginal cost of increasing production from 5 to 6 T shirts is ________.

A) 20; 6
B) 20; 10
C) 10.40; 8
D) unable to be determined; 8