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Home Q & A Board Other Fields Homework Help Business Economics
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caillacakes caillacakes
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5 years ago

Question 1.

In the short run, a firm using variable labor and fixed capital inputs achieves the ________ level of output at the minimum point on its average total cost curve.



▸ efficient

▸ highest cost

▸ least efficient

▸ only possible

Question 2.

At an output ________ of a firm's short run average total cost curve, a firm can use its fixed capital input at a lower average cost but only by using its variable input at a higher average cost.



▸ beyond the minimum point

▸ beyond the maximum point

▸ prior to the minimum point

▸ equal to the highest level
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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KaajalpKaajalp
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#1
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5 years ago
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caillacakes Author
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5 years ago
Thanks for your help!!
Marctheshark
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Yesterday
Thanks
Lourd Jenkins
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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