As output increases, AVC approaches ATC because of
A) diseconomies of scale.
B) diminishing marginal returns.
C) decreasing average fixed cost.
D) increasing marginal cost.
Correct Answer:
Verified
Q160: Which of the following would be classified
Q161: A firm's marginal cost is the increase
Q162: Marginal cost is the increase in total
Q163: Marginal cost is
A) all the costs of
Q164: Marginal cost is calculated as
A) total cost
Q166: Average variable cost is equal to
A) average
Q167: As output increases, average fixed cost
A) always
Q168: Marginal cost _ as the quantity produced
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