Author Question: Related to the Economics in Practiceon page 172: When there are a few unsold seats in an arena for a ... (Read 36 times)

leo leo · **on:** Apr 19, 2019

Question 1

Consider an output beyond the minimum point of a firm's short run average total cost curve. At this level of output the firm can use its ________ input at a lower average cost but only by using its ________ input at a higher average cost.

◦ fixed capital; variable labor
◦ variable labor; fixed capital
◦ variable capital; fixed labor
◦ fixed labor; variable capital

Question 2

Related to the
Economics in Practice on page 172: When there are a few unsold seats in an arena for a rock concert, the marginal cost of filling those seats

◦ is probably close to zero.
◦ will be negative.
◦ is generally quite high.
◦ will primarily depend on the number of people waiting to get the seats.

pratush dev · **Reply #1 on:** Apr 19, 2019

A FREE account is required to view all solutions!

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.

Answer Preview

Only 49% of students answer this correctly