This phone center uses only equipment and workers to provide service.
Relative to costs when equipment cost $10,if the price of equipment increased to $20 and nothing else changed,
A) Total Cost would increase by $10 per unit of output.
B) Marginal Cost would increase by $20 divided by units of output.
C) Marginal Cost would not change.
D) Average Total cost would increase by $10 at each level of output.
Correct Answer:
Verified
Q46: Which of the following is most likely
Q47: Marginal cost is calculated as:
A)total revenue minus
Q47: To produce 150 units of output,the firm
Q50: The location of a firm will be
Q52: This phone center uses only equipment
Q53: Which of the following is most likely
Q54: Which of the following factors of production
Q55: If a firm is experiencing diminishing returns,you
Q56: If a firm spends $400 to produce
Q56: The long run is defined as
A)one year
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