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Some of the Cost Curves for Ike's Ice Cream Kitchen

Question 291
Multiple Choice

Some of the cost curves for Ike's Ice Cream Kitchen are given in the above figure. At which of the following levels of output does the marginal product of labor equal the average product of labor? A) at 0 gallons B) at 10 gallons C) at 40 gallons D) at 60 gallons

Related questions
Q 292
Based on the above figure, for which of the following levels of output at Ike's Ice Cream Kitchen does the marginal product of labor exceed the average product of labor? A) at 10 gallons B) at 40 gallons C) at 70 gallons D) all of the above
Q 293
Based on the above figure, for which of the following amounts of output at Ike's Ice Cream Kitchen does the average product of labor exceed the marginal product of labor? A) at 10 gallons B) at 40 gallons C) at 70 gallons D) all of the above
Q 294
The marginal cost (MC) curve intersects the A) ATC, AVC, and AFC curves at their minimum points. B) ATC and AFC curves at their minimum points. C) AVC and AFC curves at their minimum points. D) ATC and AVC curves at their minimum points.
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