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Social Science Clinic => Economics => Topic started by: olgavictoria on Jun 29, 2018

Title: Average total costs are total costs divided by A) total output. B) total fixed costs. C) total ...
Post by: olgavictoria on Jun 29, 2018

Average total costs are total costs divided by
 
  A) total output.
  B) total fixed costs.
  C) total variable costs.
  D) the total number of workers employed.

Question 2

A low concentration ratio suggests
 
  A) a high degree of monopolization.
  B) a high degree of competition.
  C) that wages are a low share of costs.
  D) that wages are a high share of costs.

Title: Average total costs are total costs divided by A) total output. B) total fixed costs. C) total ...
Post by: nhea on Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

B