ZK
Zybrea Knight
Answers (2)
ZK
Answered
Describe the relationship between average variable cost and marginal cost.
On May 05, 2024
If marginal cost (MC) is greater than average variable cost (AVC), then AVC will increase. If MC is less than AVC, then AVC will decrease. If MC equals AVC, then AVC is unchanged. The minimum of AVC curve will intersect with the MC curve.
ZK
Answered
Refer to Scenario 14.4. Suppose that a pollution tax is imposed on each unit of a firm's output. The number of workers hired:
A) will decrease.
B) will increase.
C) will not change.
D) will change in an indeterminate fashion.
A) will decrease.
B) will increase.
C) will not change.
D) will change in an indeterminate fashion.
On May 02, 2024
A