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 74 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
Great answer, keep it coming :)

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Urine output. Urine output.
An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ... An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ...
Generation of diversity by variable V-J joining mechanisms Generation of diversity by variable V-J joining mechanisms
Possible Sources of Differences in Output per Worker Possible Sources of Differences in Output per Worker
As a result of a hole in the graph, which of the following functions does not have an average ... As a result of a hole in the graph, which of the following functions does not have an average ...
Calculator Output Calculator Output
Video: Transcription—A molecular view

For a complete list of videos, visit our video library