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Author Question: Average variable cost and average total costs get closer together as output increases because (Read 97 times)

burchfield96

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on: Apr 19, 2019

Question 1

The average variable cost of producing ice cream sundaes are minimized when 100 sundaes are produced. The total cost of producing 100 sundaes is $500. If fixed cost of production is $200, what is the marginal cost of producing the 100th sundae?


◦ $2
◦ $3
◦ $5
◦ indeterminate from the given information

Question 2

Average variable cost and average total costs get closer together as output increases because


◦ diminishing returns set in.
◦ average fixed costs decrease as output increases.
◦ marginal costs decrease as output increases.
◦ economies of scale become apparent.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by burchfield96 on Apr 19, 2019

voltaire123

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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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burchfield96

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Reply #2 on: Apr 19, 2019
Excellent


voltaire123

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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