Author Question: In a competitive equilibrium, the total consumer surplus must equal the total producer surplus. ... (Read 120 times)

Themember4 · **on:** Jun 29, 2018

In a competitive equilibrium, the total consumer surplus must equal the total producer surplus.

Indicate whether the statement is true or false

Question 2

Advertising costs are ________ costs and the per unit cost of advertising ________ as production increases.

A) fixed; increases
B) variable; increases
C) fixed; decreases
D) variable; does not change