[单选]Curve A represents which type of cost curve?
A. marginal cost
B. average total cost
C. average variable cost
D. average fixed cost
查看答案
[单选]Which curve is most likely to represent marginal cost?
A
B
C
D
[单选]Curve D is increasing because
A. of diminishing marginal product.
B. of increasing marginal product.
C. marginal product first increases, then decreases.
D. marginal product first decreases, then increases.
[单选] Curve D intersects curve C
A. where the firm maximizes profit.
B. at the minimum of average fixed cost.
C. at the efficient scale.
D. where fixed costs equal variable costs.
[单选]When marginal cost is greater than average cost, average cost is
A. rising.
B. falling.
C. constant.
D. The direction of change in average cost cannot be determined from this information.
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