Limit pricing is also referred to as

Being paid a wage more than your opportunity costs is an example of

A) economic profit. B) normal profit. C) an accounting cost. D) an efficiency wage.

If Papagna's Pizza Parlor knows that the marginal cost of the 500th pizza is $3.00 and that the average total cost of making 499 pizzas is $3.30, then

a. average costs are rising at Q = 500 b. average costs are falling at Q = 500 c. total costs are falling at Q = 500 d. average variable costs must be falling e. average variable costs must be rising