« previous next »

Author Question: In the short run, suppose average total cost is a straight line and marginal cost is positive and ... (Read 42 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?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

(A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive (A) Scratch test; patient is exposed to allergens through a light scratch on the skin; (B) Positive
Constant velocity versus positive velocity Constant velocity versus positive velocity
Leg pull. Grasp both feet behind the heels, and gently pull legs straight toward you several inches ... Leg pull. Grasp both feet behind the heels, and gently pull legs straight toward you several inches ...
How to find the equation of a line that is parallel to a line passing through a point How to find the equation of a line that is parallel to a line passing through a point
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ... Let A ⊆ R and p ∈ A. Suppose A\{p}6= ∅. Prove that p is an isolated point of A if and ...
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library