in one sitting Do not leave tne Force Completion Once started this test must be
ID: 1127980 • Letter: I
Question
in one sitting Do not leave tne Force Completion Once started this test must be completed Remaining Time: 24 minutes, 07 seconds. Question Completion Status: RI IRI @bl 057 111·10] [11..]1 Ly Moving to another question will save this response Question 11 tMarginal Cost O equals (TC2 TC1)/ (02-01) all of these. o is the cost of producing one more unit of output o is the change in Total Cost from producing one more unit of output Moving to another question will save this response. qh Unit 6 Additional-.docx Unit 6 Additional... .docx ^ nal.docx ^ e anything 8Explanation / Answer
Ans 11) B is the correct option. All of these. Marginal cost is the cost added by producing one additional unit of a product or service.
Ans 18) B is the correct option. Demand curve is Tangent to the average total cost curve in the long run. In monopolistic competition the economic profit is zero in the long run meaning revenues earned is equal to cost incurred.
Ans 19) c is the correct option. The firm's Demand curve slopes downward fun left to right the Demand curve shows the negative relationship between the price and the quantity demanded
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.