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Author Question: Average cost of production is a. Total variable cost divided by total units produced b. Equal to ... (Read 370 times)

ericka1

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on: Jul 1, 2018
Average cost of production is
 a. Total variable cost divided by total units produced
  b. Equal to marginal cost
 c. Total fixed cost divided by total units produced
  d. Total cost divided by total units produced

Question 2

By focusing the customers on the price of a product, you make
 a. The demand for the product more inelastic
 b. The customers less price sensitive to the product
 c. The demand for the product more elastic
 d. Only B&C


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whitcassie

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

d

Answer to Question 2

c


ericka1

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Reply #2 on: Jul 1, 2018
Correct answers!


whitcassie

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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