Average revenue equals the change in total revenue divided by the ...

[SGallaher96]

Average revenue equals the change in total revenue divided by the change in the quantity of output produced.
 a. True
  b. False

Question 2

Which of the following is not related to adverse selection in insurance markets?
 a. An insurance company has no way of distinguishing among applicants
  b. An insurance company must charge a higher price to applicants who are good health risks
  c. The price of insurance is attractive to poor health risks, but not to good ones
  d. The insured group becomes less healthy on average
  e. Because of the relative unhealthiness of the insured group, rates must rise

[Expo]

Answer to Question 1

B

Answer to Question 2

B