30 questions with multiple answer

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Question 1

1. Exhibit 6-6 Total cost curves
   
   
   In Exhibit 6-6, the total cost of producing 6,000 units of output is:

   	a.	3,000.
   	b.	1,000.
   	c.	6,000.
   	d.	8,000.
   	e.	5,000.

1 points

Question 2

1. Which of the following explains most accurately why the firm’s short-run marginal cost curve will eventually rise?

   	a.	As more of the variable factor is used, its price will rise.
   	b.	As the variable factor is used more intensely, its marginal product will rise, causing an increase in marginal costs.
   	c.	When diminishing marginal returns set in, it will take ever-larger quantities of the variable resources to produce an additional unit of output.
   	d.	As the size of the firm increases, the operational efficiency of the firm declines, causing an increase in marginal costs.

1 points

Question 3