Question 1
Refer to the information provided in Table 8.6 below to answer the question(s) that follow.
Refer to Table 8.6. The marginal cost of the fourth unit is ________ and the average total cost of four units is ________.
◦ $5; $15
◦ $10; $22.50
◦ $15; $17.50
◦ indeterminate from the given information
Question 2
Refer to the information provided in Table 8.6 below to answer the question(s) that follow.
Refer to Table 8.6. From the information in the given table,
◦ the firm is in the long run.
◦ the firm eventually experiences diminishing returns to its variable input.
◦ the marginal cost curve intersects the average total cost curve between 3 and 4 units of output.
◦ the difference between total cost and total variable cost decreases as output increases.
heres the answer
Facing the table, place one hand on the thigh and the other on the lower leg. Gently rock the leg ...
Question 37 Part 2
this is a math question
economic question
Table - Correlation Analysis