test2 study 2

# test2 study 2 - MY COURSES > PRINCIPLES OF MICROECONOMICS >...

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MY COURSES > PRINCIPLES OF MICROECONOMICS > ASSIGNMENTS > REVIEW ASSESSMENT: HOMEWORK #4 Review Assessment: Homework #4 Name: Homework #4 Status: Completed Score: 22 out of 30 point(s) Time Elapsed: 41 minutes and 24 seconds out of 1 hours allowed. Instructions: Question 1 Multiple Choice 0 of 2 point(s) Answer the next question(s) on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are \$10: Reference: REF22147 Refer to the above data. The profit-maximizing level of output for this firm: Your Answer: is 4. Correct Answer: cannot be determined from the information given. Feedback: E: 393-394 MI: 149- 150 Topic: 5 Type: T Question 2 Multiple Choice 2 of 2 point(s) Answer the next question(s) on the basis of the accompanying table that shows average total costs (ATC) for a manufacturing firm whose total fixed costs are \$10: Reference: REF22147 Refer to the above data. The average variable cost of 4 units of output is:

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Your Answer: \$28.50. Correct Answer: \$28.50. Feedback: E: 399-400 MI: 155- 156 Topic: 5 Type: T Question 3 Multiple Choice 2 of 2 point(s) Suppose that, when producing 10 units of output, a firm's AVC is \$22, its AFC is \$5, and its MC is \$30. This: Your Answer: firm's total cost is \$270. Correct Answer:
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test2 study 2 - MY COURSES > PRINCIPLES OF MICROECONOMICS >...

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