Author Question: Rock climbing areas are often on public lands. These areas, which are often crowded, are classified ... (Read 63 times)

fnuegbu · **on:** Jun 29, 2018

Rock climbing areas are often on public lands. These areas, which are often crowded, are classified as

A) rival and excludable.
B) non-rival and excludable.
C) rival and non-excludable.
D) non-rival and non-excludable.

Question 2

The vertical distance between a firm's total cost (TC) and its total variable cost (TVC) curves

A) decreases as output decreases.
B) is equal to the average variable cost, AVC.
C) is equal to the total fixed cost, TFC.
D) is equal to the marginal cost, MC.