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

Author Question: Suppose a firm with the usual U-shaped cost curves is producing a level of output such that its ... (Read 32 times)

dabomba718

  • Full Member
  • ***
  • Posts: 158
on: Oct 12, 2022
Suppose a firm with the usual U-shaped cost curves is producing a level of output such that its short-run costs are as follows:
 ATC = $0.37 per unit
 AVC = $0.32 per unit
 AFC = $0.05 per unit
 MC = $0.43 per unit
Given these short-run costs, as the firm increases its output, which of the following statements is true?
◦ The point of diminishing average product of the variable factor has not yet been reached.
◦ Marginal product of the variable factor must be increasing.
◦ Marginal product of the variable factor is at its minimum point.
◦ Average product of the variable factor must be increasing.
◦ Marginal product of the variable factor must be decreasing.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dabomba718 on Oct 12, 2022

MajorWaffle

  • Full Member
  • ***
  • Posts: 177
Reply #1 on: Oct 12, 2022
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 50% of students answer this correctly


dabomba718

  • Member
  • Posts: 158
Reply 2 on: Oct 12, 2022
:D TYSM

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ... A typical accelerator pedal position (APP) sensor, showing two different output voltage signals ...
The retrograde amnesia and anterograde amnesia associated with a concussion-producing blow to the ... The retrograde amnesia and anterograde amnesia associated with a concussion-producing blow to the ...
The Nile Delta will be strongly affected by a rise in sea level of 50 cm The Nile Delta will be strongly affected by a rise in sea level of 50 cm
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Changes in the Level of Education, 1975-2010 Changes in the Level of Education, 1975-2010
Video: Summary of female reproductive cycle days 1-28

For a complete list of videos, visit our video library