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vinney12

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Many firms use technology to gather information on the preferences of consumers and their responses to changes in prices. This information is then used to adjust prices of the firms' goods and services. This practice is called
 
  A) price discovery. B) yield management.
  C) empirical research. D) econometrics.

Question 2

If a firm produces 20 units of output and incurs a total cost of 1,000 and a variable cost is 700, calculate the firm's average fixed cost of production if it expands output to 25 units.
 
  A) 300
  B) 15
  C) 12
  D) It is impossible to determine without additional information.


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1_Step_At_ATime

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vinney12

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Reply 2 on: Jun 29, 2018
Wow, this really help


nyrave

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Reply 3 on: Yesterday
:D TYSM

 

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