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Author Question: A firm enters into a consent decree to avoid an even greater legal setback. If the terms of the ... (Read 208 times)

WhattoUnderstand

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on: Jun 30, 2018
A firm enters into a consent decree to avoid an even greater legal setback. If the terms of the consent decree effectively double the firm's fixed costs, then
 a. marginal cost more than doubles
  b. marginal cost doubles
  c. marginal cost remains unchanged
  d. average total cost remains unchanged
  e. average variable cost doubles

Question 2

Total cost is calculated as
 a. FC + MC
  b. FC / MC
  c. (VC + FC) / MC
  d. VC + FC
  e. VC  output


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mk6555

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

C

Answer to Question 2

D


WhattoUnderstand

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Reply #2 on: Jun 30, 2018
Thank you


mk6555

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Reply #3 on: Jun 30, 2018
No problemo


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