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Author Question: Average total costs are total costs divided by A) total output. B) total fixed costs. C) total ... (Read 175 times)

olgavictoria

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on: Jun 29, 2018
Average total costs are total costs divided by
 
  A) total output.
  B) total fixed costs.
  C) total variable costs.
  D) the total number of workers employed.

Question 2

A low concentration ratio suggests
 
  A) a high degree of monopolization.
  B) a high degree of competition.
  C) that wages are a low share of costs.
  D) that wages are a high share of costs.


nhea

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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