A company's profit margin per unit sold equals:
A) total cost minus total revenue.
B) total revenue minus total cost.
C) average cost minus price.
D) price minus average cost.
Correct Answer:
Verified
Q32: What happens to average fixed costs as
Q33: As output increases, fixed costs:
A)rise.
B)fall.
C)remain constant.
D)fall and
Q34: As output rises, average fixed costs:
A)rise.
B)fall.
C)remain constant.
D)fall
Q35: Beginning at an output of one, as
Q36: Why do average variable costs eventually rise
Q38: A company's profit margin is calculated as:
A)price
Q39: The table provides daily data on
Q40: The table provides daily data on
Q41: If your company has losses, then its:
A)average
Q42: On a graph of a company's cost,
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