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Author Question: What is a factor market? A) It is a market where financial instruments are traded. B) It is a ... (Read 124 times)

tsand2

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on: Jun 29, 2018
What is a factor market?
 
  A) It is a market where financial instruments are traded.
  B) It is a market where resources used to produce final goods are traded.
  C) It is a market where stocks and bonds are traded.
  D) It is a market where producers buy consumption and capital goods.

Question 2

Refer to Figure 11-7. When the output level is 100 units average fixed cost is
 
  A) 10. B) 8.
  C) 5. D) This cannot be determined from the diagram.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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jlaineee

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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