6. The marginal cost curve passes through _______________ points
on the ________________ cost curve and the ____________________
cost curve.
a. Minima; Total average; fixed average
b. Minima; medium variable; fixed average
c. Minima; Total average; average variable
d. Maximum; total; total variables
7. The firm's production function is the relationship between
__________________ and
__________________.
a. The product obtained; the quantities of all the factors of
production
b. The maximum possible product; the quantities of all the factors
of production
c. The widest range of products possible; the number of variable
factors of production
d. The maximum possible product; the quantity of the variable
factors of production
8. With given prices of the factors of production, constant
returns to scale occur when the percentage increase in output
__________________.
a. It is equal to the percentage increase of all factors of
production.
b. It is equal to the percentage increase in all fixed factors of
production.
c. is zero
d. Is positive
9. Some of the alternative ways to wash 100 shirts are:
- A Answer The Following 6 The Marginal Cost Curve Passes Through Points On The Cost C 1 (19.24 KiB) Viewed 35 times
a. As output increases, total cost and total variable cost increase
together.
b. Total fixed cost plus total variable cost equals total
cost
c. As output increases, total cost and total fixed cost increase
together.
d. Total cost minus total fixed cost equals total variable cost
METHOD Capital-machine 10 A B WORK-HOURS 1 5 20 50 8 C 4 D 2