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

Author Question: Which of the following statements is true? If the marginal product of labor diminishes, a. average ... (Read 57 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Which of the following statements is true? If the marginal product of labor diminishes,
 a. average fixed cost rises
  b. average variable cost is constant
  c. marginal cost rises
  d. average total cost must rise
  e. total cost rises at a diminishing rate

Question 2

Suppose Guild produces 5,000 guitars per year. Its average total cost is 90, and its fixed cost is 250,000 . What is its variable cost?
 a. 250,000
  b. 450,000
  c. 25,000
  d. 56,000
  e. 200,000


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

E


krzymel

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
Labor and delivery. Labor and delivery.
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
True Dover Sole True Dover Sole
The functional role of pRB. The pRB protein product of RB1 The functional role of pRB. The pRB protein product of RB1
Video: Arthroscopy

For a complete list of videos, visit our video library