Survey Of Economics
10th Edition
ISBN: 9781337111522
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 6, Problem 12SQ
To determine
The total fixed cost in the long run.
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Students have asked these similar questions
In the long run, the long-run average cost curve
whereas in the
very long run, the long-run average cost curve
a. None of the above.
b. Shifts up; does not shift.
C. Shifts down; does not shift.
d. Does not shift; shifts up.
e. Does not shift; shifts down.
Which of the following best describes total fixed cost?a.The change in total cost when one additional unit of output is produced.b.Total cost divided by the quantity of output produced.c.Total variable cost divided by the quantity of output produced.d.Cost that do not vary as output varies.
As long as marginal cost is below average variable cost or average total cost , then average variable cost and average total cost ____ when output is increased.
a. rises b. intersects c. falls d. are constant
Chapter 6 Solutions
Survey Of Economics
Ch. 6.5 - Prob. 1YTECh. 6 - Prob. 1SQPCh. 6 - Prob. 2SQPCh. 6 - Prob. 3SQPCh. 6 - Prob. 4SQPCh. 6 - Prob. 5SQPCh. 6 - Prob. 6SQPCh. 6 - Prob. 7SQPCh. 6 - Prob. 8SQPCh. 6 - Prob. 9SQP
Ch. 6 - Prob. 10SQPCh. 6 - Prob. 11SQPCh. 6 - Prob. 1SQCh. 6 - Prob. 2SQCh. 6 - Prob. 3SQCh. 6 - Prob. 4SQCh. 6 - Prob. 5SQCh. 6 - Prob. 6SQCh. 6 - Prob. 7SQCh. 6 - Prob. 8SQCh. 6 - Prob. 9SQCh. 6 - Prob. 10SQCh. 6 - Prob. 11SQCh. 6 - Prob. 12SQCh. 6 - Prob. 13SQCh. 6 - Prob. 14SQCh. 6 - Prob. 15SQCh. 6 - Prob. 16SQCh. 6 - Prob. 17SQCh. 6 - Prob. 18SQCh. 6 - Prob. 19SQCh. 6 - Prob. 20SQCh. 6 - Prob. 21SQCh. 6 - Prob. 22SQCh. 6 - Prob. 23SQCh. 6 - Prob. 24SQCh. 6 - Prob. 25SQ
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Similar questions
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- At the minimum-cost output A. average variable cost must equal marginal cost. B. average fixed cost must equal marginal cost. C. average total cost must equal marginal cost. D. Answers (a), (b), and (c) are all true.arrow_forwardThe marginal cost curve intersects the short-run average total cost curve where: A. average variable costs are maximized in the short run. B. average variable costs are minimized in the short run. C. average total costs are minimized in the short run. D. marginal cost is minimized in the short run.arrow_forwardExpalin the law of diminishing returns or diseconomies of scales ?arrow_forward
- Costs A. B. 80 120 160 180 200 Refer to the graph above to answer this question. What does point a represent? C. D. MC Economic capacity. Maximum marginal product. Excess capacity. AVC Maximum average product. ATCarrow_forwardWhen marginal cost exceeds average total cost, a marginal cost must be rising. b average total cost must be falling. c average total cost must be rising. d average fixed cost must be rising.arrow_forwardExplain every point with graph. 1. Economic and business cost . 2. Short run production analysis / law of variable proportion. 3. Short run cost analysis.arrow_forward
- In the ice cream industry, in the short run, what cost includes the cost of cream and sugar, but not the cost of the factory. Choose all answers that are correct. a.Marginal cost b.Variable cost c.Fixed cost d.Average total costarrow_forwardThe difference between variable cost and fixed cost is that Select one: a. fixed cost is paid even when there is no output b. fixed cost is always falling as output increases c variable cost only increases for a while and then it decreases d. fixed cost is always less than variable cost e. fixed cost is not paid once production beginsarrow_forwardWhen the marginal cost is lesser than the average cost the firm is producing in which Answers: A. The average cost is decreasing. B. The total cost is decreasing. C. The average cost is increasing. D. The marginal cost is decreasing.arrow_forward
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