Refer to Figure 7.1. At output level Q2 A) average fixed cost ...

[go.lag]

Refer to Figure 7.1. At output level Q2
 
  A) average fixed cost is increasing.
  B) average variable cost equals average fixed cost.
  C) marginal cost is negative.
  D) average total cost is negative.
  E) none of the above

Question 2

The concept of a risk premium applies to a person that is
 
  A) risk averse.
  B) risk neutral.
  C) risk loving.
  D) all of the above

[zoeyesther]

Answer to Question 1

B

Answer to Question 2

A

[go.lag]

Thanks for the timely response, appreciate it

[dawsa925]

YES! Correct, THANKS for helping me on my review