Total cost divided by the total number of inputs is called: a. ...

[Beheh]

Total cost divided by the total number of inputs is called:
 a. marginal cost
  b. average cost
  c. total cost
  d. variable cost

Question 2

A widget costs 1000 in the US and CAD1200 in Canada. The current exchange rate is 1USD=1.09CAD. At this rate,
 a. The good costs more in the US
 b. The good costs more in Canada
 c. The good costs the same across the two countries
  d. None of the above

[maya.nigrin17@yahoo.com]

Answer to Question 1

b

Answer to Question 2

b

[Beheh]

Thanks for the timely response, appreciate it

[T4T]

Gracias!