Author Question: If Marginal cost is lower than Average Cost (AC), average cost is a. falling b. rising c. constant ... (Read 113 times)

jho37

  • Hero Member
  • *****
  • Posts: 531
If Marginal cost is lower than Average Cost (AC), average cost is
 a. falling
 b. rising
 c. constant
  d. none of the above

Question 2

Public transit offers discounted monthly passes to students, which can only be bought and used with valid student IDs. The transit system is using
 a. A direct discrimination scheme
 b. An indirect discrimination scheme
  c. The Robinson-Patman act
 d. None of the above



tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

For a complete list of videos, visit our video library