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Author Question: Total cost divided by the number of units produced is called: a. total cost b. average cost c. ... (Read 504 times)

danielfitts88

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on: Jul 1, 2018
Total cost divided by the number of units produced is called:
 a. total cost
 b. average cost
 c. marginal cost
  d. variable cost

Question 2

A football stadium has a fixed number of seats. Given this, how should stadium management determine ticket prices?
 a. When MR b. When MR c. When MR>MC, price to fill capacity
 d. Both A&C


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jgranad15

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

d


danielfitts88

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

jojobee318

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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