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Author Question: In the figure above, curve C is the ________ curve. A) average fixed cost B) average variable ... (Read 256 times)

mydiamond

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on: Jun 29, 2018
In the figure above, curve C is the ________ curve.
 
  A) average fixed cost
  B) average variable cost
  C) average total cost
  D) marginal cost

Question 2

In the above figure, if the single-price monopolist charges a price that maximizes its profits, consumer surplus is
 
  A) area hacd.
  B) area bac.
  C) area jae.
  D) area jbce.


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janieazgirl

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


mydiamond

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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