Author Question: With fixed costs of 200, a firm has average total costs of 5 and average variable costs of 3 . Its ... (Read 242 times)

nummyann · **on:** Jul 1, 2018

With fixed costs of 200, a firm has average total costs of 5 and average variable costs of 3 . Its output is:
a. 66.67 units.
b. Need more information
c. 100 units.
d. 40 units.

Question 2

By focusing the customers on the price of a product, you
a. Increase your chances of engaging in a price war with your competitors
b. Make the customers more price sensitive to the product
c. Make the demand for the product more elastic
d. All of the above

joshraies · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

c

Answer to Question 2

d

nummyann · **Reply 2 on:** Jul 1, 2018

Excellent

ashely1112

TYSM

Author Question: With fixed costs of 200, a firm has average total costs of 5 and average variable costs of 3 . Its ... (Read 242 times)

nummyann

With fixed costs of 200, a firm has average total costs of 5 and average variable costs of 3 . Its ...

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joshraies

With fixed costs of 200, a firm has average total costs of 5 and average variable costs of 3 . Its ...

nummyann

ashely1112