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

Author Question: A firm has an average total cost of 50. If it sells 20 units of its product at 80 each, what is its ... (Read 65 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jun 29, 2018
A firm has an average total cost of 50. If it sells 20 units of its product at 80 each, what is its profit?
 
  A) 30
  B) 600
  C) 1,000
  D) 1,600

Question 2

An opportunity cost of economic growth is
 
  A) essentially zero because economic growth leads to such large gains in the long run.
  B) the decrease in production of consumption goods in the present time period.
  C) decreased by the creation of capital goods rather than consumption goods.
  D) so high that places such as Hong Kong have had to do without it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


laurencescou

  • Hero Member
  • *****
  • Posts: 593
Reply #2 on: Jun 29, 2018
Thank you :)


gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Effects of Living in Total Darkness on Monoaminergic Systems Effects of Living in Total Darkness on Monoaminergic Systems
Average Number of Hours Slept per Day by Various Mammalian Species Average Number of Hours Slept per Day by Various Mammalian Species
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Find the derivative using the product rule Find the derivative using the product rule
If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library