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.

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- Fall '19