Author Question: Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that ... (Read 66 times)

mia · **on:** Apr 19, 2019

Question 1

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow.

Refer to Figure 8.5. If seven drones are produced, average fixed costs are

◦ $7.14.
◦ $14.29.
◦ $20.
◦ $21.43.

Question 2

Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow.

Refer to Figure 8.5. The marginal cost of the second drone is

◦ $10.
◦ $20.
◦ $50.
◦ indeterminate from this information.

amandalm · **Reply #1 on:** Apr 19, 2019

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