Answers to Homework, Thursday, January 30th

True/False

1. T

2. F (decreasing)

3. T

4. F (steeper)

5. T

6. F (divided by Q)

7. T

8. T

9. F (not MC curve, ATC curve)

10. T

11. F (not MC, ATC)

12. F (diseconomies of scale)

Multiple Choice

1. C

2. C

3. A

4. B

5. C

6. B

7. A

8. A

9. B

True/False

1. F (more than that)

2. T

3. T 

4. T

5. F (decreases)

6. F (AVC)

7. F (ATC)

8. F (stays in business but incurs loss)

9. T

10. T

Multiple Choice

1. B

2. A

3. C

4. A

5. D

6. E

7. A

8. B

9. B

10. C

11. B

12. C

13. A

14. D

15. E

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