Author Question: A linear total cost function implies that: a. marginal costs are constant as output increases b. ... (Read 59 times)

jon_i · **on:** Jul 1, 2018

A linear total cost function implies that:
a. marginal costs are constant as output increases
b. average total costs are continually decreasing as output increases
c. a and b
d. none of the above

Question 2

Retailers do not find it profitable to engage in promotional activities because
a. They cannot reap the full benefits of the promotion
b. They do not have to share the benefits of the promotion with the manufacturer
c. They are unaware of competing retailers' ability to free ride on their efforts
d. All of the above