Average total costs are total costs divided by A) total ...

[olgavictoria]

Average total costs are total costs divided by
 
  A) total output.
  B) total fixed costs.
  C) total variable costs.
  D) the total number of workers employed.

Question 2

A low concentration ratio suggests
 
  A) a high degree of monopolization.
  B) a high degree of competition.
  C) that wages are a low share of costs.
  D) that wages are a high share of costs.

[nhea]

Answer to Question 1

A

Answer to Question 2

B