Author Question: If an airport decides to expand by building an additional passenger terminal, and in doing so it ... (Read 79 times)

Yi-Chen

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If an airport decides to expand by building an additional passenger terminal, and in doing so it lowers its average cost per airplane landing, then the expansion would provide ________ to the airlines.
 
  A) higher marginal costs but lower total costs B) higher average costs but lower total costs
  C) economies of scale D) diseconomies of scale

Question 2

An example of an intermediate good would be
 
  A) the soda pop sold by Quiznos.
  B) the bread that goes into a sub sandwich that is sold by Quiznos.
  C) the potato chips sold by Quiznos.
  D) a sub sandwich sold by Quiznos.


kjohnson

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Answer to Question 1

C

Answer to Question 2

B



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