Author Question: Average total costs are defined as A) total costs divided by the change in output. B) total costs ... (Read 266 times)

drink

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Average total costs are defined as
 A) total costs divided by the change in output.
  B) total costs divided by output.
  C) the change in total costs when output changes.
  D) average variable costs plus marginal costs.

Question 2

The difference between the buyer's opportunity cost and the seller's valuation defines the zone of agreement in which the agreement will benefit both parties.
  Indicate whether the statement is true or false



johnpizzaz

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Answer to Question 1

B

Answer to Question 2

F



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