Average fixed cost: a. can be calculated by dividing total fixed ...

[chads108]

Average fixed cost:
 a. can be calculated by dividing total fixed cost by the level of output produced.
 b. can be graphed as a horizontal line, with dollars on the vertical axis and quantity on the horizontal axis.
  c. decreases as output increases.
 d. is characterized by both a. and c.

Question 2

The fees paid to a mutual fund manager is called:
 a. fund fee.
  b. service fee.
  c. load.
  d. dividend.
  e. agency fee.

[mochi09]

Answer to Question 1

d

Answer to Question 2

c