[Answered] The vertical distance between the average variable cost curve and the average total cost curve ...

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Author Question: The vertical distance between the average variable cost curve and the average total cost curve ... (Read 100 times)

bcretired

Hero Member
Posts: 525

on: Jun 29, 2018

The vertical distance between the average variable cost curve and the average total cost curve equals average fixed cost.

Indicate whether the statement is true or false

Question 2

If one person has all the income and everyone else has none, the Gini ratio is 1.

Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

kingdude89

Sr. Member
Posts: 336

Reply #1 on: Jun 29, 2018

Answer to Question 1

TRUE

Answer to Question 2

TRUE

bcretired

Member
Posts: 525

Reply 2 on: Jun 29, 2018

Great answer, keep it coming

kilada

Member
Posts: 311

Reply 3 on: Yesterday

Wow, this really help

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