# Selected answer d 100 answers a 50 b 25 c 200 d 100

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Selected Answer: d. \$100 Answers: a. \$50 b. \$25 c. \$200 d. \$100 Question 14 Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 \$50 \$50 \$0 -- -- -- -- 1 \$150 A B C D E F 2 G H I \$120 J K L 3 M N O P Q \$120 R Refer to Table 13-7. What is the value of C? Selected Answer: d. \$100 Answers: a. \$200 b. \$50 c. \$25 d. \$100 Question 15 Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 \$50 \$50 \$0 -- -- -- -- 1 out of 1 points 1 out of 1 points Page 6 of 11 Review Test Submission: Week 8 Quiz – Principles of ... 1 \$150 A B C D E F 2 G H I \$120 J K L 3 M N O P Q \$120 R Refer to Table 13-7. What is the value of D? Selected Answer: d. \$50 Answers: a. \$25 b. \$100 c. \$200 d. \$50 Question 16 Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 \$50 \$50 \$0 -- -- -- -- 1 \$150 A B C D E F 2 G H I \$120 J K L 3 M N O P Q \$120 R Refer to Table 13-7. What is the value of E? Selected Answer: d. \$100 Answers: a. \$25 b. \$150 c. \$50 d. \$100 Question 17 Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 \$50 \$50 \$0 -- -- -- -- 1 \$150 A B C D E F 1 out of 1 points 1 out of 1 points Page 7 of 11 Review Test Submission: Week 8 Quiz – Principles of ... 2 G H I \$120 J K L 3 M N O P Q \$120 R Refer to Table 13-7. What is the value of G? Selected Answer: d. \$270 Answers: a. \$120 b. \$30 c. \$220 d. \$270 Question 18 Table 13-7 The Flying Elvis Copter Rides Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 \$50 \$50 \$0 -- -- -- -- 1 \$150 A B C D E F 2 G H I \$120 J K L 3 M N O P Q \$120 R Refer to Table 13-7. What is the value of I? Selected Answer: d. \$220 Answers: a. \$270 b. \$110 c. \$120 d. \$220 Question 19 Marginal cost is equal to Selected Answer: a. Δ TC/ Δ Q. Answers: a. Δ TC/ Δ Q. b. Δ Q/ Δ TC. c. Δ ATC/Q. 1 out of 1 points 1 out of 1 points Page 8 of 11 Review Test Submission: Week 8 Quiz – Principles of ... d. TC/Q. Question 20 When marginal cost is less than average total cost, Selected Answer: c. average total cost is falling. Answers: a. average variable cost must be falling. b. average total cost is rising. c. average total cost is falling.  #### You've reached the end of your free preview.

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