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Author Question: With fixed costs of 200, a firm has average total costs of 5 and average variable costs of 3 . Its ... (Read 133 times)

nummyann

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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


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joshraies

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

d


nummyann

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

softEldritch

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Reply 3 on: Yesterday
Gracias!

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