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Author Question: The short-run average variable cost curve a. is always downward-sloping b. starts at the origin ... (Read 69 times)

lb_gilbert

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on: Jun 30, 2018
The short-run average variable cost curve
 a. is always downward-sloping
  b. starts at the origin and always slopes upward
  c. starts above the origin and always slopes upward
  d. is a horizontal line intersecting the vertical axis
  e. slopes downward at low rates of output, then slopes upward at higher rates of output

Question 2

If total cost at Q = 0 is 100 and total cost at Q = 10 is 500, then average variable cost at Q = 10 is
 a. 500
  b. 400
  c. 50
  d. 40
  e. 10


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akemokai

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


lb_gilbert

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Reply 2 on: Jun 30, 2018
Excellent

jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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