10. The Costs of Production
The Relationship Between Average Cost and Marginal Cost
10. The Costs of Production
The Relationship Between Average Cost and Marginal Cost
06:38
Additional 2 creators.
Learn with other creators
Showing 5 of 5 videos
Practice this topic
- Multiple Choice
A firm is currently producing 100 units with an average total cost of $44 and a marginal cost of $32. If it were to increase production to 101 units, which of the following must be true?
487views1rank1comments - Multiple Choice
The government imposes a $10,000 per year inspection fee on all restaurants. Which cost curves are affected?
430views2rank - Multiple Choice
A firm is producing 1,500 units at a total cost of $15,000. If it were to increase production to 1,501 units, its total cost would rise to $15,012. Which of the following is true?
460views5rank1comments