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

Author Question: All these curves are U-shaped except a. Average fixed cost curve b. Marginal cost curve c. ... (Read 69 times)

Hungry!

  • Hero Member
  • *****
  • Posts: 1,071
on: Jul 1, 2018
All these curves are U-shaped except
 a. Average fixed cost curve
  b. Marginal cost curve
  c. Average variable cost curve
  d. Average total cost

Question 2

Demand is given by QD = 620 - 10P and supply is given by QS = 100 + 3P. What is the price and quantity when the market is in equilibrium?
 a. The price will be 30 and the quantity will be 132 units.
  b. The price will be 11 and the quantity will be 122 units.
  c. The price will be 40 and the quantity will be 220 units.
  d. The price will be 35 and the quantity will be 137 units
  e. The price will be 10 and the quantity will be 420 units.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

coyin

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

c


Hungry!

  • Member
  • Posts: 1,071
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Average Global Temperature during the Phanerozoic Average Global Temperature during the Phanerozoic
A Karman Vortex air flow sensor uses a triangle-shaped rod to create vortexes as the air flows ... A Karman Vortex air flow sensor uses a triangle-shaped rod to create vortexes as the air flows ...
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library