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Author Question: Total costs increase from 1,500 to 1,800 when a firm increases output from 40 to 50 units.. Which of ... (Read 72 times)

Charlie

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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


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bob

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


Charlie

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

kishoreddi

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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