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Author Question: As the level of output increases, what happens to the value of average fixed cost, and what happens ... (Read 134 times)

Chelseaamend

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on: Jun 29, 2018
As the level of output increases, what happens to the value of average fixed cost, and what happens to the difference between the value of average total cost and average variable cost?
 
  What will be an ideal response?

Question 2

Two firms would sometimes be better off if they got together and agreed to charge a high price, rather than to compete and risk having to charge a lower, competitive price. What is the greatest deterrent to this strategy?
 
  A) One of the firms may decide to lower its price and take business away from the firm that charged the high price.
  B) The firms may find that the price they charge is greater than the price that would maximize their profits.
  C) An agreement by firms to charge high prices is illegal. The government can fine the firms and send their managers to jail.
  D) Consumers may resent having to pay high prices and not buy from either of the firms.
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mariahkathleeen

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Chelseaamend

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

elyse44

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Reply 3 on: Yesterday
Excellent

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