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stevengu246 stevengu246
wrote...
Posts: 475
4 years ago

Question 1.

Figure 11-6



Figure 11-6 contains information about the short run cost structure of a firm.



Refer to Figure 11-6. In the figure above which letter represents the average variable cost curve?



A



B



C



D



Question 2.

Figure 11-6



Figure 11-6 contains information about the short run cost structure of a firm.



Refer to Figure 11-6. In the figure above which letter represents the average total cost curve?



A



B



C



D

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
Read 133 times
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Replies
wrote...
4 years ago

Answer 1

C



Answer 2

B

wrote...
4 years ago

Question 1.

Figure 11-6



Figure 11-6 contains information about the short run cost structure of a firm.



Refer to Figure 11-6. In the figure above which letter represents the marginal cost curve?



A



B



C



D



Question 2.

Figure 11-7



Figure 11-7 shows the cost structure for a firm.



Refer to Figure 11-7. When output level is 100, what is the total cost of production?



$20



$1,000



$1,200



$2,000

wrote...
4 years ago

Answer 1

A



Answer 2

$2,000

wrote...
4 years ago
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