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 149 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?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ... Some IAC units are purchased with the housing as shown. Carbon buildup in these passages can cause ...
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
Repeating Units of DNA and RNA Repeating Units of DNA and RNA
The average percentages by polygraph exams The average percentages by polygraph exams
Find derivative using product rule Find derivative using product rule
question in cost accounting question in cost accounting
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library