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Author Question: Average fixed cost A) does not change as total output increases or decreases. B) varies directly ... (Read 51 times)

anjilletteb

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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.


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xiaomengxian

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

C

Answer to Question 2

A


anjilletteb

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

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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