Exhibit 7-11 Short-run cost schedule for pizzeria's hourly production
TotalProduct
TotalCost
0 pizzas
$ 20
10
70
20
100
30
150
40
250
In Exhibit 7-11, the marginal cost curve crosses the average total cost curve at
A. 10 pizzas.
B. 20 pizzas.
C. 30 pizzas.
D. 40 pizzas.
Answer: C
Economics
You might also like to view...
Economists believe the most persuasive argument for protectionism is to
A) protect high wages. B) save jobs. C) protect infant industries. D) protect national security.
Economics
When I purchase ________, I own a portion of a firm and have the right to vote on issues important to the firm and to elect its directors
A) bonds B) bills C) notes D) stock
Economics
Draw and explain a Lorenz curve
What will be an ideal response?
Economics
From the perspective of consumers, a quota is preferred to a tariff.
Answer the following statement true (T) or false (F)
Economics