Assuming fixed costs are positive,over a range of output in which average total costs were constant,
A) average variable costs would be constant as output increases.
B) average variable costs would be falling as output increases.
C) average variable costs would be rising as output increases.
D) marginal cost would be less than average variable cost.
Correct Answer:
Verified
Q161: In the short run,AFC is always greater
Q162: Assume that you know the following cost
Q163: If the cost of variable inputs used
Q165: Which of the following is true in
Q167: Which of the following is most likely
Q168: If a technological change reduced the amount
Q169: If both the marginal cost and the
Q170: Assume the following cost information about Fred's
Q171: Assume that you know the following cost
Q174: A firm replaces a machine by hiring
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents