At an output of 19, MC = $39 and AVC = $44. At an output of 20, MC = $50 and AVC = $45. At the shutdown point, AVC is

A. more than $45.
B. $45.
C. between $44 and $45.
D. less than $44.


D. less than $44.

Economics

You might also like to view...

Property taxes in the U.S. are ________

A) progressive B) regressive C) proportional D) negative

Economics

The above figure shows the payoff matrix for two firms, A and B, selecting an advertising budget. The firms must choose between a high advertising budget and a low advertising budget. Firm A's dominant strategy

A) does not exist. B) is to do the opposite of firm B. C) is to select a high advertising budget. D) is to select a low advertising budget.

Economics

Organizational structure can be a strategic asset if it

A) adds value. B) adds value and can be duplicated. C) adds value and cannot be duplicated. D) can be franchised.

Economics

In the long run, those who are hurt by the minimum wage are

a. employers in non-minimum wage industries b. employers who have to pay more c. consumers who have to pay more for goods d. all of these

Economics