If average fixed cost exceeds average variable cost at a particular level of output:
a. Profits must be negative.
b. That fact is meaningless for deciding the quantity of output to produce.
c. Output levels are probably quite low relative to the designed capacity of the production facility.
d. Both b and c. are likely true.
Question 2
The unique alphabetic name that identifies a listed stock is known as the:
a. stock's nickname.
b. stock's alpha sign.
c. ticker symbol.
d. alternative name.
e. fixed call number.
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