The marginal cost to the phone company of handling a long distance call is likely to be
A) higher the fewer such calls people make.
B) higher the more the phone company has invested in equipment.
C) substantially less than the price charged for the call.
D) substantially more than the price charged for the call.
C
Economics
You might also like to view...
The optimum quantity of an input occurs when
a. diminishing returns set in. b. marginal revenue product equals input price. c. marginal physical product equals input price. d. marginal revenue product equals output price.
Economics
Economists are still puzzled why growth rates in the United States fell from 1973 to 1995
a. True b. False Indicate whether the statement is true or false
Economics