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

Author Question: A firm's short-run average cost is defined as a. the ratio of total output to short-run total cost. ... (Read 72 times)

kfurse

  • Hero Member
  • *****
  • Posts: 590
on: Jul 1, 2018
A firm's short-run average cost is defined as
 a. the ratio of total output to short-run total cost.
  b. the ratio of short-run total cost to total output.
  c. the additional cost of producing one more unit of output while some input is fixed.
  d. the additional cost of producing one more unit of output while all inputs are fixed.

Question 2

A firm's marginal cost curve
 a. is always U-shaped.
  b. always has a positive slope.
  c. is always below its average cost curve.
  d. always intersects its average cost curve at its minimum point.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


kfurse

  • Hero Member
  • *****
  • Posts: 590
Reply #2 on: Jul 1, 2018
Thank you :)


Ksanderson1296

  • Sr. Member
  • ****
  • Posts: 339
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
Fire activity ratio Fire activity ratio
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
The average percentages by polygraph exams The average percentages by polygraph exams
Finding the angle from a ratio Finding the angle from a ratio
Generation of the F2 trihybrid phenotypic ratio using the forked-line method Generation of the F2 trihybrid phenotypic ratio using the forked-line method
Video: T cell receptors

For a complete list of videos, visit our video library