Average total costs are total costs divided by
A) total output.
B) total fixed costs.
C) total variable costs.
D) the total number of workers employed.
A
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Karen is attempting to put into words the key idea that encapsulates what her company's brand is intended to stand for in its target market's mind. Karen is writing a __________.
A. positioning statement B. sales promotion C. mixing elements D. brand equity E. leaky bucket
The ability to shift a tax burden depends on the relative elasticities of demand and supply for the taxed commodity
a. True b. False Indicate whether the statement is true or false
An indifference curve:
A) may be either upsloping or downsloping, depending on whether the two products are complements or substitutes. B) is downsloping and convex to the origin. C) is upsloping and has a constant slope. D) is downsloping and concave to the origin.
Suppose you buy two tickets to the concert; one for you and one for your girlfriend. Nevertheless, the day of the concert your car brakes down preventing both of you from attending it. Assuming both you and your girlfriend had the same preferences, which of the two of you stand to lose the most from not being able to attend the concert?
A. Both of you stand to lose the same. B. Your girlfriend. C. You. D. None of you would stand to lose anything.