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Author Question: Average fixed cost: a. can be calculated by dividing total fixed cost by the level of output ... (Read 225 times)

chads108

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on: Jun 30, 2018
Average fixed cost:
 a. can be calculated by dividing total fixed cost by the level of output produced.
 b. can be graphed as a horizontal line, with dollars on the vertical axis and quantity on the horizontal axis.
  c. decreases as output increases.
 d. is characterized by both a. and c.

Question 2

The fees paid to a mutual fund manager is called:
 a. fund fee.
  b. service fee.
  c. load.
  d. dividend.
  e. agency fee.


mochi09

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


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