Toby Operates a Small Deli Downtown

question 175

Multiple Choice

Toby operates a small deli downtown.The deli industry is monopolistically competitive.Toby is producing the quantity that minimizes his average total cost.Assuming that Toby is maximizing profits,his:

• A)marginal cost is less than his average total cost.
• B)marginal cost is less than his marginal revenue.
• C)price equals his average total cost.
• D)price is more than his average total cost.

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Definitions:

Instructional Practices

Methods and techniques used by educators to facilitate learning and enhance student understanding and skills.

Academic Achievement

The extent to which a student, teacher or institution has achieved their short or long-term educational goals.

Middle School

An educational institution serving the transitional period from primary to high school, typically for students aged 11 to 14.

Part-Time Employment

Work that is performed for fewer hours per week than a full-time job.