Average cost for the firm in Table 8.1 A) cannot be determined ...

[jhjkgdfhk]

Average cost for the firm in Table 8.1
 
  A) cannot be determined from the information given.
  B) is upward-sloping for all output values shown.
  C) is constant for all output values shown.
  D) is downward-sloping for all output values shown.
  E) is U-shaped.

Question 2

Refer to Scenario 17.2. If the threshold educational level y is set at 13 1/3,
 
  A) only individuals in Group K will attain it.
  B) only individuals in Group M will attain it.
  C) individuals in both groups will attain it.
  D) no individuals will attain it.
  E) some fraction of individuals in each group will attain it.

[elizabethrperez]

Answer to Question 1

E

Answer to Question 2

C

[jhjkgdfhk]

TYSM

[isabelt_18]

Excellent