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PaulKet PaulKet
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Posts: 488
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6 years ago
If the total cost of production for 1000 widgets is $2000 and marginal cost is constant at $1, what is the average cost if 2000 widgets are produced?
A) $2
B) $1.50
C) $1
D) $0.50
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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unExpectedunExpected
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#1
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6 years ago
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PaulKet Author
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6 years ago
Brilliant ツ
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You make an excellent tutor!
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