Question

Jy we lanell Ulle. Attempts Force Completion Once started, this test must be completed in one sitting. Do not leave the test bet Remaining Time: 1 hour, 29 minutes, 55 seconds. * Question Completion Status: > A Moving to another question will save this response. Question 1 When average total cost is at its minimum point: marginal cost is also at its minimum point. marginal cost is equal to zero. marginal cost is constant. average total cost is equal to marginal cost. e the firm is maximizing profit. A Moving to another question will save this response. MacBa

Answer 1

Solution 1 & when Arerage total cost is at its minimam: point. o Average total cost is equal to marginal cost. solution 2% of a firm wants to stop production of its . only product, the firm's total cost will be - equal too o Its total fixed cost. solution 48 The market supply curce shows the quantity of a good or service that firms would sell at vanous prices , holding other possible influences constant solution 5% Managers make decisions that contribute to the profitability of firm by : : manimizing sales