assessment id 138356 18course_id _15642 18cont Remaining Time: 18 minutes, 41 se

Question

assessment id 138356 18course_id _15642 18cont Remaining Time: 18 minutes, 41 seconds. Question Completion Status: Which of the following is true of the MC curve? Alt intersects the ATC curve at its mmmmum, but does not intersect the AVC arve at its mnrnum O B. It intersects the AVC curve at its minimum, but it does not intersect the ATC curve at its minimum o C.It intersects both the ATC and the AVC curves at their minimums O D.It intersects both the ATC and the AFC curves at their minimums O E.it intersects both the AVC and the AFC curves at their minimums QUESTION Exhibit 7-6 Cost of 10 20 30 100 200 250 350 500 200 200 100 200 200 200 400 In Exhibit 7-6, the average total cost of producing 20 units is o B $20 DS100 O ES1,100 QUESTION 5 Exhibit 7.6 Cost of

Explanation / Answer

Question number 3. The correct choice for this question is option C. Marginal cost curve achieves its minimum. Before the minimum of average variable cost and average total cost. Hence it cuts the average variable cost and average total cost at their minimum.

Question number 4 also has the correct option as option C. Note that the total cost for 20 units of output is 200 + 200 + 200 which is 600. Hence the average total cost of producing 20 units is 600 / 20 which gives 30.

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.