« previous next »

Author Question: If a firm produces 8 units of output with average fixed cost=40 and average variable cost=25, what ... (Read 195 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?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

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.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Crossing over produces new allelic combinations Crossing over produces new allelic combinations
A, Unequal pupils; B, dilated, fixed pupils. A, Unequal pupils; B, dilated, fixed pupils.
Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact. Basic two-handed kneading. Tissues are lifted with the whole hand in firm contact.
If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is If y = 0.02 sin (30x - 400t) (SI units), the velocity of the wave is
question in cost accounting question in cost accounting
Average Precipitation Acidities and the Effects of Acid Rain Average Precipitation Acidities and the Effects of Acid Rain
Video: Stomach peristalsis - Movement of Food Through the Small Intestine

For a complete list of videos, visit our video library