can someone help me with these questions, thank you
a. average total cost, marginal cost, and average variable cost b. average fixed cost, average total cost, and average variable cost c. marginal cost, average total cost, and average variable cost d. marginal product, average product, and total product e. marginal cost, average product, average total cost
when output is 10, a. average total cost equals $8 b. total cost equals $80 c. marginal cost equals $10 d. total fixed cost equals $1 e. a and b above
1.c 2.b
not b I meant d
1. Are the options in order of H, J, and K then you are correct, H is Marginal cost because you can see it intersects the AVC (supposedly the lowest curve K), J is the ATC bc you can see the economies of scale at the early bit, and then K is AVC 2. Seems like A is MC, B is AVC, and C is ATC I wouldn't say D because TFC are fixed costs, and graphically they have straight lines |dw:1583620915184:dw| I was rather thinking option A, because line C looks like an ATC curve.
Thank you so much!!!!!!!!!!! <3 <3 I see
I put A for the second one but it was wrong
hmm maybe it was c
Oh shoot hm I wonder why
its okay haha
ooh |dw:1583622093842:dw| possibly it was B, TC= ATC*Q, so 8*10 = 80 haha you were right earlier
gotchu my luv <3
haha sorry I got you wrong <3
OOOOOH
IT'S E LMAO A AND B WERE RIGHT and i was like ????? why is A not the answer
Damnit hahahahahah
HAHAHHAHA nooo donttt be sorryy!!!!!!
then I take one last look and see 'a and b are correct' big necker hahahahahahaha
XDDDD
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