Unit 3: Diagram Review

Unit 3: Diagram Review

12th Grade

19 Qs

quiz-placeholder

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Unit 3: Diagram Review

Unit 3: Diagram Review

Assessment

Quiz

Other

12th Grade

Hard

Created by

Josh Winicki

FREE Resource

19 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Media Image

At which point does the firm experience increasing returns? (SELECT TWO)

A

B

C

D

E

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Media Image

At which point does the firm experience diminishing returns? (SELECT TWO)

A

B

C

D

E

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

At which point does the firm experience negative returns?

A

B

C

D

E

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is curve A?

Marginal cost (MC)

Average total cost (ATC)

Average variable cost (AVC)

Short run average total cost (SRATC)

Long run average total cost (LRATC)

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is curve B?

Marginal cost (MC)

Average total cost (ATC)

Average variable cost (AVC)

Short run average total cost (SRATC)

Long run average total cost (LRATC)

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is curve C?

Marginal cost (MC)

Average total cost (ATC)

Average variable cost (AVC)

Short run average total cost (SRATC)

Long run average total cost (LRATC)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What quantity is productively efficent?

6

17

28

11

30

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