This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Average cost of production is a. Total variable cost divided by total units produced b. Equal to ... (Read 374 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jul 1, 2018
Average cost of production is
 a. Total variable cost divided by total units produced
  b. Equal to marginal cost
 c. Total fixed cost divided by total units produced
  d. Total cost divided by total units produced

Question 2

By focusing the customers on the price of a product, you make
 a. The demand for the product more inelastic
 b. The customers less price sensitive to the product
 c. The demand for the product more elastic
 d. Only B&C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


ericka1

  • Hero Member
  • *****
  • Posts: 544
Reply #2 on: Jul 1, 2018
Correct answers!


whitcassie

  • Sr. Member
  • ****
  • Posts: 298
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Average optimal blood pressure for age Average optimal blood pressure for age
Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ... Drug A is more potent than Drugs B and C. Drugs A and C have equal efficacy because both drugs have ...
Units of Radiation Measurement Units of Radiation Measurement
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
The average percentages by polygraph exams The average percentages by polygraph exams
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library