This topic contains a solution. Click here to go to the answer

Author Question: If variable cost rises from 60 to 100 as output increases from 15 to 20 units, the marginal cost of ... (Read 126 times)

codyclark

  • Hero Member
  • *****
  • Posts: 538
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
Answer to Question 1

D

Answer to Question 2

D




codyclark

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

For a complete list of videos, visit our video library