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Author Question: If marginal cost is above average cost, then (Read 22 times)

lb_gilbert

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on: May 25, 2020

Question 1

Which one of the following is most likely to be a variable cost for a firm?
◦ Rent on office space
◦ Interest payments on company loans
◦ Employers' national insurance contributions
◦ Business rates on the premises
◦ The annual licence fee for using a patented process

Question 2

If marginal cost is above average cost, then
◦ AC is increasing.
◦ AC is decreasing.
◦ AVC is constant.
◦ AVC is decreasing.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by lb_gilbert on May 25, 2020

Melissahxx

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lb_gilbert

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

daiying98

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Reply 3 on: Yesterday
Wow, this really help

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