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 83 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?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
Average Global Temperatures Average Global Temperatures
As a result of a hole in the graph, which of the following functions does not have an average ... As a result of a hole in the graph, which of the following functions does not have an average ...
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Conduction of action potentials

For a complete list of videos, visit our video library