Multiple Choice
A linear total cost curve which passes through the origin implies that
A) average cost is constant and marginal cost is variable.
B) average cost is variable and marginal cost is constant.
C) average and marginal costs are constant and equal.
D) need more information to answer question.
Correct Answer:
Verified
Correct Answer:
Verified
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Q25: Suppose a cost function is TC =
Q26: Suppose MPL = 20 and MPK =
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