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Unformatted text preview: 3. The MC curve cuts through the minimum of what curve? a. ATC b. FC c. AP L d. MP L 4. When John hires 3 workers, they produce 40 units of output. When John hires 4 workers, they produce 50 units of output. What is the AP L of 4 workers? a. 50 b. 40 c. 12.5 d. 10 5. The next Econ 251 exam is a. Thursday, November 23 b. Tuesday, November 7 c. Friday, October 27 d. Thursday, December 14...
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This note was uploaded on 04/27/2011 for the course ECON 251 taught by Professor Blanchard during the Spring '08 term at Purdue University-West Lafayette.
- Spring '08