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

Author Question: If variable cost rises from 60 to 100 as output increases from 15 to 20 units, the marginal cost of ... (Read 137 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
If variable cost rises from 60 to 100 as output increases from 15 to 20 units, the marginal cost of the twentieth unit
 a. is 100
  b. is 5
  c. is 40
  d. is 8
  e. cannot be determined without total cost

Question 2

If variable cost at each output level doubles,
 a. ATC doubles
  b. AFC doubles
  c. MC remains unchanged
  d. MC doubles
  e. MC less than doubles


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

iceage

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

D

Answer to Question 2

D


codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
:D TYSM

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

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.

Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes. Elle and associates investigated the cost to Datura wrightii of producing sticky leaf trichomes.
How to solve a linear system when the variable is in the denominator position (Question 1 of 2) How to solve a linear system when the variable is in the denominator position (Question 1 of 2)
Marginal Products of Physical and Human Capital Marginal Products of Physical and Human Capital
Crossing over in prophase I increases genetic variation Crossing over in prophase I increases genetic variation
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Expressing amounts of energy in different energy units is necessary to solve many chemistry ... Expressing amounts of energy in different energy units is necessary to solve many chemistry ...
Video: Retina

For a complete list of videos, visit our video library