« previous next »

Author Question: If the marginal cost curve is below the average variable cost curve, then A) average variable ... (Read 39 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
If the marginal cost curve is below the average variable cost curve, then
 
  A) average variable cost is increasing.
  B) marginal cost must be decreasing.
  C) average variable cost could either be increasing or decreasing.
  D) average variable cost is decreasing.

Question 2

A price maker is
 
  A) a consumer who participates in an auction where she announces her willingness to pay for a product.
  B) a firm that is able to sell any quantity at the highest possible price.
  C) a person who actively seeks out the best price for a product that he or she wishes to buy.
  D) a firm that has some control over the price of the product it sells.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ENagel

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Thank you :)


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

The human oxygen-hemoglobin dissociation curve. The human oxygen-hemoglobin dissociation curve.
Betelgeuse is a semiregular variable star Betelgeuse is a semiregular variable star
Killer Whale - Size comparison to an average human. Killer Whale - Size comparison to an average human.
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug. Drug tolerance: A shift in the dose-response curve to the right as a result of exposure to the drug.
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: New DNA Strand Replication

For a complete list of videos, visit our video library