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Author Question: When a firm produces 1000 widgets with total cost of 2000 and fixed cost of 1000, what is the ... (Read 161 times)

acc299

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on: Jul 1, 2018
When a firm produces 1000 widgets with total cost of 2000 and fixed cost of 1000, what is the average variable cost?
 
  A) 2
  B) 1
  C) 0.50
  D) 0.20

Question 2

What is one reason consumers might demand a discount for quantity purchases?
 
  A) higher storage costs
  B) lower marginal cost
  C) lower marginal benefit
  D) price gouging


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Madisongo23

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

B

Answer to Question 2

A


acc299

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

alexanderhamilton

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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