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 40 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 first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Effect of changing a set point for hypothalamic values Effect of changing a set point for hypothalamic values
Factors influencing pulse rate Factors influencing pulse rate
A sphere represented by means of modeling. A sphere represented by means of modeling.
How to find the equation of a line that is perpendicular to a line passing through a point How to find the equation of a line that is perpendicular to a line passing through a point
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Video: Embryonic development - week 1 and 2

For a complete list of videos, visit our video library