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Author Question: In a diagram with the total cost curve and the total variable cost curve, as output increases, the ... (Read 118 times)

DelorasTo

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on: Jun 29, 2018
In a diagram with the total cost curve and the total variable cost curve, as output increases, the vertical distance between these two curves
 
  A) is constant.
  B) decreases.
  C) increases.
  D) gets smaller and then bigger again.

Question 2

Suppose that Tracy and Pat start a business. Because of a series of bad decisions by Tracy, the company goes bankrupt, owing a total of 50,000. Tracy is penniless and Pat is a millionaire.
 
  If the company were organized as a partnership, Pat would be responsible for A) over 1 million of debt.
  B) 50,000 of debt.
  C) 25,000 of debt.
  D) 0 of debt.


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shailee

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

A

Answer to Question 2

B


DelorasTo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Animal_Goddess

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Reply 3 on: Yesterday
Excellent

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