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Home Q & A Board Other Fields Homework Help Business Economics
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stevengu246 stevengu246
wrote...
Posts: 475
Rep: 10 0
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 128 times
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wrote...
#1
4 years ago

Answer 1

C



Answer 2

B
wrote...
#2
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...
#3
4 years ago

Answer 1

A



Answer 2

$2,000
wrote...
#4
4 years ago
Helps a lot... Now I'm ready for my quiz
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