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Problem

  • 07-11-2010 8:46pm
    #1
    Registered Users, Registered Users 2 Posts: 98 ✭✭


    For any given level of output:

    a) Fixed cost must be greater than variable cost.
    b)Marginal cost must be greater than the average cost.
    c)None of these is necessarily correct.
    d)Average fixed cost must be greater than average variable cost
    e) Average variable cost must be greater than average fixed cost.


Comments

  • Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    For any given level of difficulty:

    a) Manners cost nothing
    b) People are more likely to help you if you're polite
    c) The marginal benefit of being polite is greater than the marginal cost
    d) The marginal cost of manners is lower than the fixed cost of posting a problem
    e) All of the above


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