Multiple Choice
If total cost equals $2,000 and quantity produced is 100 units,then
A) fixed cost is $200 and average variable cost is $18.
B) fixed cost is $600 and average variable cost is $14.
C) fixed cost is $500 and marginal cost is $15.
D) Either A or B can be correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which of the following statements best represents
Q9: When the survivorship method of cost estimating
Q10: The learning curve indicates that<br>A)economies of scale
Q11: Economies of scale are indicated by<br>A)declining long-run
Q12: The main factor that explains the difference
Q14: Consider a firm that has just built
Q15: Diseconomies of scale can be caused by<br>A)the
Q16: How would each of the following affect
Q17: Which of the following is most likely
Q18: A short-run total cost function,TC = 100