If marginal cost exceeds average variable cost, then ________ ...

[nenivikky]

If marginal cost exceeds average variable cost, then ________ cost is ________ as output increases.
 
  A) average total; at a maximum
  B) average total; falling
  C) average variable; rising
  D) average fixed; at a maximum

Question 2

Buying a monopoly from the existing owner does not ensure an economic profit because
 
  A) the market for monopolies is a monopoly.
  B) competition among buyers drives up the cost of buying the firm.
  C) profits equal zero in the long run anyway.
  D) of the deadweight loss triangle.

[nital]

Answer to Question 1

C

Answer to Question 2

B

[nenivikky]

Thanks for the timely response, appreciate it

[brbarasa]

Wow, this really help