Question

Plz check

Answer 1

According to the curve ,

a. if P = $8, then Q = 8
b. if P = $10, then Q = 10
c. Q increases as P increases
d. Q decreases as P decreases
e. there is a positive relation between Q and P

Answer 2

what are variable costs when no output is being produced?
Select one:
a. $10
b. infinity
c. $0
d. it is impossible to calculate variable cost unless we know fixed cost at Q = 0
e. it is impossible to calculate variable cost unless we know the daily wage

Answer 3

what is fixed cost at 15 units of output?

a. it is impossible to calculate fixed cost unless we know the daily wage
b. $0
c. $30
d. $10

Answer 4

when output is 10,

a. marginal cost equals $10
b. total fixed cost equals $10
c. total cost equals $80
d. total fixed cost equals $7
e. average variable cost equals $70

Answer 5

1.b
2.a
3.d
4.c

Answer 6

@justjm

Answer 7

1.

C, D, and E, are incorrect, DEmand DEclines
When P=8, I think that Q draws to 8 units, so I was thinking A
when P=10, Q goes to 6 units

Answer 8

1 min left

Answer 9

2.

$10 are fixed costs because there is no production. If there is no output, there is no variable cost. Thinking it's E rather,

Answer 10

3. correct

Answer 11

4. correct

Answer 12

thank u so much