Refer to Figure 8.4. Marginal costs will equal average variable costs at
A) two microwave ovens.
B) three microwave ovens.
C) six microwave ovens.
D) an indeterminate level of output from this information.
C) six microwave ovens.
You might also like to view...
_________ are defined as quantitative and/or qualitative criteria that reconcile resources with demands and serve as measures of values and goals
a. Attitudes b. Mid-level processes c. Standards d. 5-S principles
If an American traveling abroad can obtain 115 euros for $100 U.S. the current euro per $ exchange rate is:
A. 1euro/1.15$. B. 1.15 euros/$. C. 115euros/$. D. 0.870 euros/$.
Refer to the information provided in Figure 31.2 below to answer the question(s) that follow.
Figure 31.2Refer to Figure 31.2. An economy that chooses to be at Point B rather than Point A will achieve ________ in the future.
A. higher opportunity costs B. lower employment levels C. lower consumption levels D. a higher economic growth rate
In economic terminology, the accumulated training and education that workers receive to increase their productivity is referred to as
A. human capital. B. labor. C. entrepreneurship. D. physical capital.