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Author Question: If Marginal Cost (MC) is higher than Average Cost (AC), average cost is a. falling b. rising c. ... (Read 127 times)

olgavictoria

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on: Jul 1, 2018
If Marginal Cost (MC) is higher than Average Cost (AC), average cost is
 a. falling
 b. rising
 c. constant
 d. none of the above

Question 2

Amusement parks often offer discounts to locals with IDs. This is an example of
 a. A direct discrimination scheme
 b. An indirect discrimination scheme
  c. Diminishing marginal returns
 d. Vertical integration


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moormoney

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


olgavictoria

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Reply #2 on: Jul 1, 2018
Thank you


moormoney

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Reply #3 on: Jul 1, 2018
No problemo


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