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Author Question: If we know average total cost and the amount of output, then we can always calculate total cost by (Read 52 times)

Pineappleeh

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on: Apr 19, 2019

Question 1

Refer to the information provided in Table 8.3 below to answer the question(s) that follow.








Refer to Table 8.3. If the firm is in a perfectly competitive industry with a market price of $30 per unit, the firm will produce ________ units and earn a profit of ________.


◦ three; $20
◦ four; $20
◦ four; -$20
◦ five; $30

Question 2

If we know average total cost and the amount of output, then we can always calculate total cost by


◦ adding average total cost and the amount of output.
◦ subtracting the amount of output from average total cost.
◦ multiplying average total cost by the amount of output.
◦ dividing average total cost by the amount of output.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Pineappleeh on Apr 19, 2019

frre432

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Pineappleeh

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Reply #2 on: Apr 19, 2019
Thanks


frre432

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Reply #3 on: Apr 19, 2019
Welcome :)


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