Author Question: With fixed costs of 200, a firm has average total costs of 5 and average variable costs of 3 . Its ... (Read 168 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