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Author Question: Total variable cost A) increases as output increases. B) does not change as output changes. C) ... (Read 157 times)

fox

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on: Jun 29, 2018
Total variable cost
 
  A) increases as output increases.
  B) does not change as output changes.
  C) decreases as output increases.
  D) initially decreases and then increases as output increases.

Question 2

Roxie's Movie Theatre is the only one in town. The table above gives the demand schedule for movies.
 
  If Roxie's is a single-price monopoly and the marginal cost of a movie is 6, Roxie's will charge ________ a movie and will sell ________ movie tickets a week. A) 15; 100
  B) 12; 200
  C) 6; 400
  D) 9; 300


mistyjohnson

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

A

Answer to Question 2

B


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