Author Question: Rose, who grows geraniums to sell, is currently producing a level of output at which her marginal ... (Read 52 times)

panfilo · **on:** Jun 30, 2018

Rose, who grows geraniums to sell, is currently producing a level of output at which her marginal cost equals her average variable cost. What must be true about Rose's average total cost at this level of output?
a. It is at a minimum.
b. It is at a maximum.
c. It is falling with increased output.
d. It is equal to average variable cost.

Question 2

When women and members of other minority groups are forced into occupations where they are unable to obtain the human capital necessary to compete for high paying jobs, it is termed as statistical discrimination.
a. True
b. False
Indicate whether the statement is true or false