Multiple Choice
-If total costs are $50,000 when 1000 units are produced, and total costs are $50,100 when 1001 units are produced, we can conclude that
A) average variable costs are $100.
B) average total costs are $100.
C) average fixed costs are $100.
D) marginal costs are $100.
Correct Answer:

Verified
Correct Answer:
Verified
Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q40: Changes in production functions are associated with
Q41: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q42: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q43: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -At an output
Q45: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q46: The lowest rate of output per unit
Q47: Suppose the manager of a restaurant notices
Q48: If the marginal product curve is intersecting
Q49: For a wheat farmer in the middle