[Answered] If Marginal Cost (MC) is higher than Average Cost (AC), average cost is a. falling b. rising c. ...

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Author Question: If Marginal Cost (MC) is higher than Average Cost (AC), average cost is a. falling b. rising c. ... (Read 146 times)

olgavictoria

Hero Member
Posts: 528

on: Jul 1, 2018

If Marginal Cost (MC) is higher than Average Cost (AC), average cost is
a. falling
b. rising
c. constant
d. none of the above

Question 2

Amusement parks often offer discounts to locals with IDs. This is an example of
a. A direct discrimination scheme
b. An indirect discrimination scheme
c. Diminishing marginal returns
d. Vertical integration

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moormoney

Sr. Member
Posts: 326

Reply #1 on: Jul 1, 2018

Answer to Question 1

b

Answer to Question 2

a

olgavictoria

Hero Member
Posts: 528

Reply #2 on: Jul 1, 2018

Thank you

moormoney

Sr. Member
Posts: 326

Reply #3 on: Jul 1, 2018

No problemo

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