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

Author Question: Total costs increase from 1,500 to 1,800 when a firm increases output from 40 to 50 units.. Which of ... (Read 84 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jul 1, 2018
Total costs increase from 1,500 to 1,800 when a firm increases output from 40 to 50 units.. Which of the following are true?
 a. AC rise by 1.00
  b. AC fall by 1.50
  c. AC rise by 1.50
  d. AC fall by 1.00

Question 2

Firms should lower the prices on their goods
 a. If the demand for the product is elastic
 b. If it acquires a firm selling a complement good
 c. If it acquires a firm selling a substitute good
 d. Both a and b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bob

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jul 1, 2018
Excellent

Jossy

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

China’s 8% annual increase in oil consumption China’s 8% annual increase in oil consumption
When using forearm pressure on the top of the shoulder, push with your back foot to increase your ... When using forearm pressure on the top of the shoulder, push with your back foot to increase your ...
Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ... Neck stretch. Rest the receiver’s head on the palm of your right hand, taking a firm hold on the ...
British Output and Productivity Growth, 1760–1913 British Output and Productivity Growth, 1760–1913
Management Information Systems: Managing the Digital Firm, 15th Edition Management Information Systems: Managing the Digital Firm, 15th Edition
Because the factor h on the right side of the Heisenberg uncertainty principle has units of ... Because the factor h on the right side of the Heisenberg uncertainty principle has units of ...
Video: Predator- prey competition and symbiosis

For a complete list of videos, visit our video library