If marginal cost is equal to average total cost, then
a. marginal cost is minimized.
b. average total cost is minimized.
c. average variable cost is minimized.
d. marginal cost is zero.
b
Economics
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The structural deficit does not depend on the state of the economy
a. True b. False Indicate whether the statement is true or false
Economics
Heath's company is currently producing 30 units of output. The price of the good is $8 per unit. Total fixed costs are $50 and the average variable cost is $5 at 30 units. This company:
a. is experiencing a loss of $40. b. should shut down its operation. c. is experiencing an economic profit of $40. d. should expand its operation.
Economics