« previous next »

Author Question: In the short run, suppose average total cost is a straight line and marginal cost is positive and ... (Read 12 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jul 1, 2018
In the short run, suppose average total cost is a straight line and marginal cost is positive and constant. Then, we know that fixed costs must:
 
  A) be declining with output.
  B) be positive.
  C) equal zero.
  D) We do not have enough information to answer this question.

Question 2

Refer to Figure 9.2. At price 0H and quantity Q1, the deadweight loss is
 
  A) DGC.
  B) BDC.
  C) BGC.
  D) 0FGQ1.
  E) none of the above


tkempin

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

A graphical representation of the marginal value theorem. A graphical representation of the marginal value theorem.
A Tibetan wolf killed in 1938. Note the proportionately short legs A Tibetan wolf killed in 1938. Note the proportionately short legs
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
How to find two positive angles less than 360° that have a tangent of −2.25 How to find two positive angles less than 360° that have a tangent of −2.25
Positive ring precipitin test. Positive ring precipitin test.
Positive and Negative Reinforcement Positive and Negative Reinforcement
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library