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

Author Question: Assume the following cost information about Fred's widget company: Its fixed cost is 27, and its ... (Read 281 times)

sc00by25

  • Hero Member
  • *****
  • Posts: 596
on: Jun 30, 2018
Assume the following cost information about Fred's widget company: Its fixed cost is 27, and its total variable cost is 18 for 1 unit; 33 for 2; 45 for 3; 60 for 4; and 78 for 5 . Given this information:
 a. average fixed cost rises from an output of four to an output of five.
 b. average fixed cost is greater than marginal cost for the second unit produced.
 c. the output level which minimizes average total cost is four units.
 d. average variable cost rises, but average total cost falls, as output increases from four to five.

Question 2

A primary market refers to a market in which outstanding shares are bought and sold.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


sc00by25

  • Hero Member
  • *****
  • Posts: 596
Reply #2 on: Jun 30, 2018
Thank you :)


Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

A fixed action pattern elicited by a sign stimulus. A fixed action pattern elicited by a sign stimulus.
Fred Wilson, Metalwork 1793–1880, from Mining the Museum: An Installation by Fred Wilson Fred Wilson, Metalwork 1793–1880, from Mining the Museum: An Installation by Fred Wilson
The medical assistant reviews the PDR for information related to a drug. The medical assistant reviews the PDR for information related to a drug.
Vaccine Information Sheet (VIS) provided by the CDC for the varicella vaccination. Vaccine Information Sheet (VIS) provided by the CDC for the varicella vaccination.
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library