Economics

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

Economics

First Name *

Last Name *

Period *

Period 1

Period 2

Period 3

Period 4

Period 5

Email *

If marginal cost is equal to average total cost, then: *

1 point

average total cost is increasing.

average total cost is at its maximum.

average total cost is at its minimum.

marginal cost is increasing.

Figure (below): Short-Run Costs) A is the ________ cost curve. *

1 point

average total

average variable

marginal

total

(Figure: Long-Run Average Cost) Output per period in the region B to C indicates that a firm is experiencing: *

1 point

constant returns to scale.

diseconomies of scale.

economies of scale.

falling marginal cost

(Table: Production of Cabinets) Referring to the table below, the marginal product of the fifth worker is: *

1 point

23.

If average total cost of producing five units of a product is $100 and the average total cost of producing six units is $125, then the marginal cost of producing the sixth unit is *

Note to find MC you have to subtract the total cost from one unit to the next. However I gave you AVERAGE total cost. So to get back to total you need multiply and then subtract those to numbers. Kudos if you understand any of this:)

1 point

$125.

$2.

$250.

$350.

$750.

Submit

Clear form

Never submit passwords through Google Forms.

Forms

This form was created inside of Anoka-Hennepin School District.