Author Question: Average fixed cost A) does not change as total output increases or decreases. B) varies directly ... (Read 86 times)

anjilletteb · **on:** Jul 1, 2018

Average fixed cost

A) does not change as total output increases or decreases.
B) varies directly with total output.
C) falls continuously as total output expands.
D) rises as the output is expanded.

Question 2

If a firm faces a flat demand curve

A) it cannot engage in price discrimination.
B) it can only engage in two-part tariffs.
C) it can only engage in perfect price discrimination.
D) None of the above.