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Author Question: Short-run total cost is the sum of a. short-run fixed cost, short-run variable cost, and short-run ... (Read 148 times)

silviawilliams41

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on: Jul 1, 2018
Short-run total cost is the sum of
 a. short-run fixed cost, short-run variable cost, and short-run marginal costs.
  b. short-run fixed cost and short-run marginal costs.
  c. short-run variable cost and short-run costs.
  d. short-run fixed cost and short-run variable cost.

Question 2

For a constant-returns-to-scale production function,
 a. marginal costs are constant but the average cost curve has a U-shape.
  b. both average and marginal costs are constant.
  c. marginal cost has a U-shape; average costs are constant.
  d. both average and marginal cost curves are U-shaped.


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trampas

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


silviawilliams41

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Reply 2 on: Jul 1, 2018
Wow, this really help

flexer1n1

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Reply 3 on: Yesterday
:D TYSM

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