If it costs the Delicious Donuts firm $400 to produce 2000 donuts, the average cost for each donut is:
A) $0.50
B) $0.80
C) $5.00
D) $0.20
Correct Answer:
Verified
Q17: The phrase 'sometimes profit maximisation means loss
Q18: Malthus' forecast of mass starvation as world
Q19: Average variable cost is equal to:
A) average
Q20: Public limited companies may not maximise their
Q21: At the profit- maximising output level:
A) demand
Q23: A firm's total revenue is:
A) marginal revenue
Q24: When price is greater than marginal revenue,
Q25: When a firm sells each unit of
Q26: On the upward- sloping portion of a
Q27: Which of the following statements is FALSE?
A)
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