This topic contains a solution. Click here to go to the answer

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

danielfitts88

  • Hero Member
  • *****
  • Posts: 535
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jgranad15

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

b

Answer to Question 2

d




danielfitts88

  • Member
  • Posts: 535
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

For a complete list of videos, visit our video library