« previous next »

Author Question: If a firm produces 8 units of output with average fixed cost=40 and average variable cost=25, what ... (Read 196 times)

viki

  • Hero Member
  • *****
  • Posts: 525
on: Jul 1, 2018
If a firm produces 8 units of output with average fixed cost=40 and average variable cost=25, what is its total variable cost?
 a. 200
 b. 320
 c. 1,000
  d. 650

Question 2

By focusing the customers on the price of a product, you make the demand for the product
 a. More elastic
 b. Less elastic
 c. Perfectly inelastic
 d. None of the above


frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Galaxies Forming by Combining Smaller Units Galaxies Forming by Combining Smaller Units
Average national IQs according to IQ and Global Inequality Average national IQs according to IQ and Global Inequality
An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ... An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ...
When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV. When the exhaust is rich, the output of a zirconia oxygen sensor is above 450 mV.
If the random variable x is exponentially distributed with parameter λ = 4, then P(x ≤ ... If the random variable x is exponentially distributed with parameter λ = 4, then P(x ≤ ...
Calculator Output Calculator Output
Video: Phlebotomy

For a complete list of videos, visit our video library