At what quantity is Sarah Machinery indifferent between two technologies?

Explain the effects of an import quota on domestic production, consumption, and price

What will be an ideal response?

Refer to Variable Cost of Production. If the firm actually has $20 in fixed costs, the average cost of the second unit of output is

The following questions refer to the following table which shows a firm's variable costs of production.

a. $20 per unit.
b. $25 per unit.
c. $30 per unit.
d. $35 per unit.