If an amusement park that is highly profitable during the summer months is unable to cover its variable costs during the winter months, it should
a. raise its prices during the winter months.
b. lower its prices during the summer months.
c. operate during the summer but shut down during the winter months.
d. operate during all months of the year as long as its profits during the summer exceed its losses during the winter.
C
Economics
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In the above figure, the line represented by the "2" is the
A) average fixed cost. B) average variable cost. C) total cost. D) average total cost.
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According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant
a. True b. False Indicate whether the statement is true or false
Economics