Homework Clinic
Social Science Clinic => Economics => Microeconomics => Topic started by: chads108 on Jun 30, 2018
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Average fixed cost:
a. can be calculated by dividing total fixed cost by the level of output produced.
b. can be graphed as a horizontal line, with dollars on the vertical axis and quantity on the horizontal axis.
c. decreases as output increases.
d. is characterized by both a. and c.
Question 2
The fees paid to a mutual fund manager is called:
a. fund fee.
b. service fee.
c. load.
d. dividend.
e. agency fee.
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Answer to Question 1
d
Answer to Question 2
c