Question

a given level of output are depicted by: 22. The combinations of inputs that produce given level of output A indifference curves. B budget lines. Cisocost curves D. Isoquants Fixed costs exist only in: 13. Fixed costs exist only in A the long run. B capital-intensive markets. the short run. D. labor-intensive markets. 14. According to the table bel to the table below, what is the marginal cost of producing 90 units of output? FC VC 1,000 350 1,000 1.000 700 1.000 1,050 90 1.000 1,400 125 1,000 1.750 145 1,000 2.100 160 A. 5.32 B. 8.75 C. 11.67 D. 21.00

Answer 1

Ans12) the correct option is c) isocost curves

Ans13) the correct option is c) in the short run only

Ans14) the correct option is b) 8.75

= ( 1,050 - 700) / ( 90 - 50) = 8.75