Solved

At 20 Units of Output,the Slope of a Firm's Average

Question 32

Multiple Choice

At 20 units of output,the slope of a firm's average cost curve is recorded as +1.5.Calculate the firm's average cost at this output level if its marginal cost is $300.


A) $270
B) $300
C) $230
D) $200

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q27: Use the following figure to answer the

Q28: Suppose you quit your job as an

Q29: Which of the following statements about the

Q30: Suppose labor is on the horizontal axis

Q31: If total fixed costs are $1,000,variable costs

Q33: When output expands from the fourth to

Q34: Use the following figure to answer the

Q35: Using an isoquant and isocost curves,with labor

Q36: Ben decides to expand his ice cream

Q37: The minimum efficient scale is:<br>A)the level of