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

Author Question: The least-cost way of producing a particular rate of output is represented by a point of tangency ... (Read 37 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The least-cost way of producing a particular rate of output is represented by a point of tangency between a short-run average cost curve and the
 a. total cost curve
  b. short-run average total cost curve
  c. average variable cost curve
  d. long-run average cost curve
  e. marginal cost curve

Question 2

Marginal cost indicates how much total cost increases if one more unit is produced or how much total cost drops if production declines by one unit.
 a. True
  b. False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


jerry coleman

  • Hero Member
  • *****
  • Posts: 570
Reply #2 on: Jun 30, 2018
Thank you


Viet Thy

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

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?

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?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and
One-point linear perspective. One-point linear perspective.
Two-point gait. Two-point gait.
Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ... Schematic drawing of a permeation test cell used to measure the permeation rate of chemicals through ...
Cost of Laptops Cost of Laptops
Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1 Find an equation of the tangent line to the graph of f(x) = sqrt(x) / (x+1) at the point x=1
Video: Alternative Energy Sources

For a complete list of videos, visit our video library