« previous next »

Author Question: If the marginal cost curve is below the average variable cost curve, then A) average variable ... (Read 97 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
If the marginal cost curve is below the average variable cost curve, then
 
  A) average variable cost is increasing.
  B) marginal cost must be decreasing.
  C) average variable cost could either be increasing or decreasing.
  D) average variable cost is decreasing.

Question 2

A price maker is
 
  A) a consumer who participates in an auction where she announces her willingness to pay for a product.
  B) a firm that is able to sell any quantity at the highest possible price.
  C) a person who actively seeks out the best price for a product that he or she wishes to buy.
  D) a firm that has some control over the price of the product it sells.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ENagel

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Thank you :)


moormoney

  • Sr. Member
  • ****
  • Posts: 326
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Negative feedback control of a regulated variable. Negative feedback control of a regulated variable.
Variable Gases: Carbon Dioxide Variable Gases: Carbon Dioxide
Average household size Average household size
Linear dose-response curve Linear dose-response curve
Average Global Temperatures Average Global Temperatures
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Stomach peristalsis & Enterogastric reflex

For a complete list of videos, visit our video library