What is a factor market? A) It is a market where financial ...

[tsand2]

What is a factor market?
 
  A) It is a market where financial instruments are traded.
  B) It is a market where resources used to produce final goods are traded.
  C) It is a market where stocks and bonds are traded.
  D) It is a market where producers buy consumption and capital goods.

Question 2

Refer to Figure 11-7. When the output level is 100 units average fixed cost is
 
  A) 10. B) 8.
  C) 5. D) This cannot be determined from the diagram.

[jlaineee]

Answer to Question 1

B

Answer to Question 2

B