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Author Question: If a firm produces 8 units of output with average fixed cost=40 and average variable cost=25, what ... (Read 150 times)

viki

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  • 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

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  • Posts: 322
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

a


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