Author Question: Average costs a. fall at all levels of output b. are falling when marginal costs are below average ... (Read 55 times)

vHAUNG6011 · **on:** Jul 1, 2018

Average costs
a. fall at all levels of output
b. are falling when marginal costs are below average costs and rising when marginal costs are above average costs
c. are falling when marginal costs are above average costs and rising when marginal costs are below average costs
d. does not vary with output

Question 2

The axiomic view of bargaining is the
a. Strategic view of bargaining
b. Non-strategic view of bargaining
c. All of the above
d. None of the above