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

[Themember4]

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

[macybarnes]

Answer to Question 1

FALSE

Answer to Question 2

C

[Themember4]

Thanks for the timely response, appreciate it

[okolip]

Great answer, keep it coming