If the total cost of production for 1000 widgets is 2000 and marginal cost is constant at 1, what is ...

Author Question: If the total cost of production for 1000 widgets is 2000 and marginal cost is constant at 1, what is ... (Read 124 times)

storky111

Hero Member
Posts: 561

on: Jul 1, 2018

If the total cost of production for 1000 widgets is 2000 and marginal cost is constant at 1, what is the average fixed cost for the 1000 widgets?

A) 2
B) 1.50
C) 1
D) 0.50

Question 2

The marginal tax rate from the food stamp program is _____.

a. zero
b. 10 percent
c. 20 percent
d. 30 percent

lolol

Sr. Member
Posts: 330

Reply #1 on: Jul 1, 2018

Answer to Question 1

C

Answer to Question 2

d

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storky111

Hero Member
Posts: 561

Reply #2 on: Jul 1, 2018

Thank you

lolol

Sr. Member
Posts: 330

Reply #3 on: Jul 1, 2018

No problemo

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