Microeconomics: Cost Curves and Diagram Analysis
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the value of TC when the output is 140?

  • 220
  • 240
  • 210 (correct)
  • 230

    • What is the average fixed cost when the output is 210?

  • 50
  • 40 (correct)
  • 60
  • 80

    • What is the average total cost when the output is 140?

  • 120
  • 140 (correct)
  • 150
  • 130

    • What is the marginal cost when the output increases from 140 to 210?

    <p>80 (D)</p> Signup and view all the answers

    What is the value of AFC when the output is 0?

    <p>80 (D)</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser