Refer to the following:
The price of capital is $500 per unit.
-When output is 10,000 units, what is long-run average cost?
A) $0.20
B) $5
C) $20
D) $500
E) none of the above
Correct Answer:
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Q66: Refer to the following:
Following is a
Q67: Refer to the following: Q68: Refer to the following: Q70: Refer to the following: Q72: If a firm is producing the level Q73: A firm is using 500 units of Q74: If the marginal rate of technical substitution Q75: You overhear a businessman say: "We want Q77: Diseconomies of scale Q79: Long-run total cost Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)exist when fixed cost increases
A)represents the lowest possible cost
