
-Refer to Situation 21-l. What will Diane's total costs be if she sells 2,500 donuts in her first week and then goes out of business?
A) $20,750
B) $10,950
C) $20,880
D) $30,500
Correct Answer:
Verified
Q83: Average variable cost equals
A)average total cost minus
Q84: The short run is
A)a period of time
Q85: Implicit cost is a
A)cost that is incurred
Q86: Which of the following is probably not
Q87: In the long run, if inputs are
Q89: Marginal cost is the change in
A)total cost
Q90: Exhibit 21-3 Q91: Constant returns to scale are said to Q92: Exhibit 21-3 Q93: Economic profit is
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A)total revenue minus total cost
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