Author Question: If the marginal cost curve is below the average variable cost curve, then A) average variable ... (Read 93 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
If the marginal cost curve is below the average variable cost curve, then
 
  A) average variable cost is increasing.
  B) marginal cost must be decreasing.
  C) average variable cost could either be increasing or decreasing.
  D) average variable cost is decreasing.

Question 2

A price maker is
 
  A) a consumer who participates in an auction where she announces her willingness to pay for a product.
  B) a firm that is able to sell any quantity at the highest possible price.
  C) a person who actively seeks out the best price for a product that he or she wishes to buy.
  D) a firm that has some control over the price of the product it sells.


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

For a complete list of videos, visit our video library