Assume two firms have the same total costs of production.

  1. Assume two firms have the same total costs of production. Firm A’s average variable cost if $5 per unit and firm B’s average
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  2. In the circular flow diagram, what do firms receive from product markets?(1 point)Responses money/costs money/costs revenue
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  3. In the circular flow diagram, what do firms receive from product markets?(1 point)Responses money/costs money/costs goods and
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  4. In the circular flow diagram, what do firms provide to product markets?(1 point)Responses goods and services goods and services
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  5. In the circular flow diagram, what do firms receive from product markets?(1 point)Responses goods and services goods and
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  6. In the circular flow diagram, what do firms provide to product markets?(1 point)Responses money or costs money or costs revenue
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  7. Cant find equations for solving for MP and AP.Suppose firms A and B each make T-shirts. Firm A's production function is q = L0.5
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  8. Jill’s Company produces lawnmowers. It has fixed costs of $1000 per week and Variable costs of $70 per lawn mower.Express the
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  9. In the circular flow diagram, what do firms receive from product markets?A. goods and services B. factors of production C.
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  10. In the circular flow diagram, what do firms receive from products markets?a. goods and excuses b. money/costs c. revenue d.
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