« previous next »

Author Question: If pizza is measured on the horizontal axis and pretzels are measured on the vertical axis, the ... (Read 93 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jul 1, 2018
If pizza is measured on the horizontal axis and pretzels are measured on the vertical axis, the slope of the production possibility frontier at a given combination reflects
 
  A) the total cost of producing that combination.
  B) the total cost of producing that quantity of pizza in terms of pretzels.
  C) the cost of making the last pizza in terms of pretzels.
  D) the cost of making the last pretzel in terms of pizza.

Question 2

The marginal cost curve intersects the average fixed cost curve at its minimum.
 
  Indicate whether the statement is true or false
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jojobee318

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

False. Marginal cost intersects average variable cost (and average cost) at its minimum.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

An example of horizontal gene transfer: antibiotic resistance An example of horizontal gene transfer: antibiotic resistance
Vertical structuring of the oceans is associated with substantial variation in light and temperature Vertical structuring of the oceans is associated with substantial variation in light and temperature
Thermodynamic Diagrams and Vertical Temperature Profiles Thermodynamic Diagrams and Vertical Temperature Profiles
Precession: Earth’s axis rotates, or “wobbles” Precession: Earth’s axis rotates, or “wobbles”
Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are Distribution of skin color as measured by a reflectometer at a wavelength of 685 nm. The results are
Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh Relationship Between the Atlas and the Axis. The Dens of the Axis Provides a Pivotal Point Around Wh
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library