The firm can calculate all points on its total cost curve if it knows

A. its production function.
B. the prices of inputs and of output.
C. its average cost at its optimal output level.
D. the prices of inputs and its production function.


Answer: D

Economics

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Indicate whether the statement is true or false

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Which of the following suggests that people have no control over the number of hours they work?

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___________________________—a term referring to the process of enacting laws that protect individual and entity rights to use their property as they see fit.

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Economics