Unit 3: Diagram Review
Authored by Josh Winicki
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12th Grade
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19 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
At which point does the firm experience increasing returns? (SELECT TWO)
A
B
C
D
E
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
At which point does the firm experience diminishing returns? (SELECT TWO)
A
B
C
D
E
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At which point does the firm experience negative returns?
A
B
C
D
E
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
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
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
What quantity is productively efficent?
6
17
28
11
30
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