The AFC curve
A. is a horizontal line.
B. is the same as the total fixed cost curve.
C. is U-shaped.
D. always slopes downward.
Answer: D
You might also like to view...
In order to have a meaningful measure of marginal utility, we must define the time period during which consumption is occurring
a. True b. False Indicate whether the statement is true or false
In which of the following instances would the deadweight loss of the tax on cartons of cigarettes increase by a factor of 9?
a. The tax on cartons of cigarettes increases from $10 to $11.11. b. The tax on cartons of cigarettes increases from $10 to $20. c. The tax on cartons of cigarettes increases from $10 to $30. d. The tax on cartons of cigarettes increases from $10 to $90.
The demand curve in its home market is P = 200 - Q; the demand curve in its foreign market is P = 160 - 2Q; and its marginal cost is a constant $20 per unit. What is the discriminating monopolist's profit maximizing output in the foreign market?
a. 90 b. 110 c. 70 d. 35
(1)(2)(3)(4)(5)QdQdPriceQsQs5040$1070806050960708060850609070740501008063040Refer to the above table. In relation to column (3), a change from column (4) to column (5) would most likely be caused by:
A. government placing an excise tax on the good. B. an increase in consumer income. C. an improvement in production technology. D. an increase in input prices.