Or
Visit Our website
Question 1
The Lawn Ranger, a landscaping company, has total
costs of $4,000 and total variable costs of $1,000. The Lawn Ranger's total
fixed costs are
Question 2
The total variable cost curve
Question 3
Use the following figure to answer the next
question:
What
production technique should this firm use to produce 2 units of output?
Question 4
After diminishing returns set in, the firm's
Correct: Marginal rate rises.
Question 5
If you know that average variable cost is at a
minimum, then you can deduce that
Question 6
Use the following figure to answer the next two
questions:
Micro Oven's total fixed costs are
Question 7
Up to point A
Correct: Average variable rates are reducing.
Question 8
If marginal cost is increasing, then average
variable cost must also be increasing.
No comments:
Post a Comment