Author Question: Assuming fixed costs are positive, over a range of output in which average total costs were ... (Read 57 times)

jasdeep_brar · **on:** Jun 30, 2018

Assuming fixed costs are positive, over a range of output in which average total costs were constant,
a. average variable costs would be constant as output increases.
b. average variable costs would be falling as output increases.
c. average variable costs would be rising as output increases.
d. marginal cost would be less than average variable cost.

Question 2

If the number of people who want to sell off stocks are higher than those who want to buy it, the stock prices move up.
a. True
b. False
Indicate whether the statement is true or false