Indicate whether you agree or disagree with the following statement. The marginal cost curve of any profit-maximizing firm is the firm's short-run supply curve. O A. Disagree: The MC curve is the demand curve below minimum AVC. O B. Agree: The MC curve is the supply curve below minimum AVC. OC. Disagree: The MC curve is the demand curve above minimum AVC. OD. Agree: The MC curve is the supply curve above minimum AVC. Ay quantity 7 units total cost is $194 and at quantity 8 units total cost is $208, what is the marginal cost at 8 unit? How you arrived to your solution? How you define marginal cost? C B I + U Write your answer SI @ B I U S Ix E Write your answer = At 5 units of production, if total variable cost is $75 and total fixed cost is $100, what is value of (a) total costs (b) average cost, (c) average variable cost and (d) average fixed costs? #11 x₂ x² Insert Formula E 1 x₂ x² Insert Formula

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Indicate whether you agree or disagree with the following statement.
The marginal cost curve of any profit-maximizing firm is the firm's short-run supply curve.
A. Disagree: The MC curve is the demand curve below minimum AVC.
O B. Agree: The MC curve is the supply curve below minimum AVC.
OC. Disagree: The MC curve is the demand curve above minimum AVC.
D. Agree: The MC curve is the supply curve above minimum AVC.
Ay quantity 7 units total cost is $194 and at quantity 8 units total cost is $208, what is the marginal cost at 8 unit? How you arrived to your solution? How you define marginal cost?
1
B I
U S Ix
Write your answer
1
B I U S Ix
Write your answer
=
글
EEI 1
At 5 units of production, if total variable cost is $75 and total fixed cost is $100, what is value of (a) total costs (b) average cost, (c) average variable cost and (d) average fixed costs?
X₂
# 6 1 1
x²
Insert Formula
x₂ x²² Insert Formula
Transcribed Image Text:Indicate whether you agree or disagree with the following statement. The marginal cost curve of any profit-maximizing firm is the firm's short-run supply curve. A. Disagree: The MC curve is the demand curve below minimum AVC. O B. Agree: The MC curve is the supply curve below minimum AVC. OC. Disagree: The MC curve is the demand curve above minimum AVC. D. Agree: The MC curve is the supply curve above minimum AVC. Ay quantity 7 units total cost is $194 and at quantity 8 units total cost is $208, what is the marginal cost at 8 unit? How you arrived to your solution? How you define marginal cost? 1 B I U S Ix Write your answer 1 B I U S Ix Write your answer = 글 EEI 1 At 5 units of production, if total variable cost is $75 and total fixed cost is $100, what is value of (a) total costs (b) average cost, (c) average variable cost and (d) average fixed costs? X₂ # 6 1 1 x² Insert Formula x₂ x²² Insert Formula
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