This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Average variable and average total costs get farther apart as output decreases because ________ as ... (Read 36 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Apr 19, 2019

Question 1

The average variable cost of producing 250 sundaes is $5. At this level of output, average variable cost is minimized. Which of the following statements is 
true?


◦ Marginal cost of the 251st sundae is $1,250.
◦ Average total cost is minimized at an output greater than 250 sundaes.
◦ Average fixed cost is minimized at an output less than 250 sundaes.
◦ Total cost of producing 250 sundaes is $1,250.

Question 2

Average variable and average total costs get farther apart as output decreases because ________ as output decreases.


◦ diminishing returns set in
◦ average fixed costs increase
◦ marginal costs increase
◦ total and total variable costs get farther apart
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jerry coleman on Apr 19, 2019

bitingbit

  • Sr. Member
  • ****
  • Posts: 323
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.
Answer Preview
Only 25% of students answer this correctly


jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Total hip prosthesis. Total hip prosthesis.
4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ... 4.1 Age changes in total IQ based on cross-sectional data (lower line) and longitudinal data ...
A cutaway view of a typical variable fuel sensor. A cutaway view of a typical variable fuel sensor.
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
Total Fertility Rate in the United States, 1860–2008 Total Fertility Rate in the United States, 1860–2008
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Factors that increase metabolic rate and heat production

For a complete list of videos, visit our video library