This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Average cost of production is a. Total variable cost divided by total units produced b. Equal to ... (Read 94 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jul 1, 2018
Average cost of production is
 a. Total variable cost divided by total units produced
  b. Equal to marginal cost
 c. Total fixed cost divided by total units produced
  d. Total cost divided by total units produced

Question 2

By focusing the customers on the price of a product, you make
 a. The demand for the product more inelastic
 b. The customers less price sensitive to the product
 c. The demand for the product more elastic
 d. Only B&C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


ericka1

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jul 1, 2018
Correct answers!


whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Production of Ethanol process Production of Ethanol process
Human of the planet's net primary production and appropriation of NPP Human of the planet's net primary production and appropriation of NPP
Infant formula is available in several forms and varies in cost and ingredients Infant formula is available in several forms and varies in cost and ingredients
Energy and Energy Units Energy and Energy Units
Separation of variable number tandem repeat (VNTR) alleles after PCR amplification Separation of variable number tandem repeat (VNTR) alleles after PCR amplification
Video: Hip Animation

For a complete list of videos, visit our video library