
ECON 101 ECON101 Week 5 Quiz with Answers (American Public University)
ECON 101 ECON/101 ECON101 Week 5 Quiz (APUS)
- Average variable cost is:
- Which of the following is (are) correct?
- For a restaurant:
- Diminishing marginal returns means that:
- When marginal cost is below average variable cost, average variable cost must be:
- If a firm produces 10 units of output and incurs $30 in average variable cost and $5 in average fixed cost, average total cost is:
- In the long run:
- A factor of production whose quantity can be changed during a particular period is a:
- Given constant quantities of all other factors of production, when additional units of a variable factor of production add less and less to total output, then the firm is experiencing:
- The sum of fixed and variable costs is: