At what level of output will average variable cost equal average total cost?

a. when marginal cost equals average total cost
b. for all levels of output in which average variable cost is falling
c. when marginal cost equals average variable cost
d. There is no level of output where this occurs, as long as fixed costs are positive.


d

Economics

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Suppose that your marginal federal income tax rate is 30%, the sum of your marginal state and local tax rates is 5%, and the yield on a thirty-year corporate bond is 10%

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If public subsidies for education were eliminated, what would you expect as an outcome in the market for educational services?

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Economics

________: the technically efficient combination of two products a business can produce in the current period given its existing resources and technology

Fill in the blank(s) with correct word

Economics