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Author Question: Rock climbing areas are often on public lands. These areas, which are often crowded, are classified ... (Read 62 times)

fnuegbu

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Rock climbing areas are often on public lands. These areas, which are often crowded, are classified as
 
  A) rival and excludable.
  B) non-rival and excludable.
  C) rival and non-excludable.
  D) non-rival and non-excludable.

Question 2

The vertical distance between a firm's total cost (TC) and its total variable cost (TVC) curves
 
  A) decreases as output decreases.
  B) is equal to the average variable cost, AVC.
  C) is equal to the total fixed cost, TFC.
  D) is equal to the marginal cost, MC.



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joewallace

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Answer to Question 1

C

Answer to Question 2

C




fnuegbu

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


sailorcrescent

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Reply 3 on: Yesterday
Excellent

 

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