If AVC=15 and AFC=10, then ATC=
a. 25
b. 5
c. 15
d. 10
Question 2
A parking lot in a busy downtown district is experimenting with its pricing strategy to figure out where it should price its spaces. Which of the following strategies should it implement?
a. Decrease parking rates if the lot fills up much earlier than 9am
b. Increase parking rates if the lot doesn't fill up until much after 9am
c. If the lot fills up right around 9am the price is right
d. All of the above