Which of the following must always be true as the quantity of output increases?
A) Marginal cost must rise.
B) Average total cost must rise.
C) Average variable cost must rise.
D) Average fixed cost must fall.
Correct Answer:
Verified
Q225: The average fixed cost curve
A)always declines with
Q355: When average cost is greater than marginal
Q356: Figure 1
b.
Figure 2
c.
Figure 3
d.
Figure 4
ANSWER:
d
DIFFICULTY:
Moderate
LEARNING OBJECTIVES:
ECON.MANK.174 -
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Q364: Table 13-16 Q365: Which of the following statements is correct?
A)For
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