Author Question: Average total costs are defined as A) total costs divided by the change in output. B) total costs ... (Read 243 times)

drink

  • Hero Member
  • *****
  • Posts: 554
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

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

B

Answer to Question 2

F



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

For a complete list of videos, visit our video library