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Author Question: After constructing a new factory, the cost of building the factory is a A) past cost. B) sunk ... (Read 94 times)

kodithompson

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on: Jun 29, 2018
After constructing a new factory, the cost of building the factory is a
 
  A) past cost.
  B) sunk cost.
  C) variable cost.
  D) None of the above answers are correct.

Question 2

In the above figure, at point b on the demand curve, a price cut of one dollar will
 
  A) increase total revenue.
  B) decrease total revenue.
  C) leave total revenue unchanged.
  D) have an indeterminate effect on total revenue.


IRincones

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

B

Answer to Question 2

A


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