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Economics Homework Twelve Answers - Student Five (view source)
Revision as of 04:11, December 13, 2009
, 04:11, December 13, 2009corrected grading
Average Total Cost is equal to Average Fixed Cost plus Average Variable Cost
Average Total Cost is equal to Average Fixed Cost plus Average Variable Cost
:Excellent, but missed answering the final part of the question about when the firm shuts down in the short run (when P<AVC).
:Excellent, but missed answering the final part of the question about when the firm shuts down in the short run (when P<AVC). (Minus 1).
7. An increase in output forces a production possibilities curve to shift outward.
7. An increase in output forces a production possibilities curve to shift outward.
:True, but what causes an increase in overall output? Please see the model answers. (Minus 1).
:True, but what causes an increase in overall output? Please see the model answers. (Minus 1).
:57/60. Good work on a tough homework assignment.--[[User:Aschlafly|Andy Schlafly]] 23:04, 12 December 2009 (EST)
:56/60. Good work on a tough homework assignment.--[[User:Aschlafly|Andy Schlafly]] 23:04, 12 December 2009 (EST)