The marginal cost will intersect the average variable cost curve
A) when the average variable cost curve is rising.
B) where average variable cost curve equals price.
C) at the minimum point of the average variable cost curve.
D) The two will never intersect.
C
Economics
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(Consider This) Elasticity can be thought of as degree of relative:
A. video brightness. B. price bounce. C. audio volume. D. quantity stretch.
Economics
Hasan’s manager is ordering pizza for the office for tomorrow. She asks everyone to tell her the maximum number of slices they will eat. If Hasan seeks to maximize his total utility as shown in this graph, what is the maximum number of slices he will eat?
a. 3
b. 4
c. 5
d. 6
Economics