Average costs curves rise with production
A)Due to declining average fixed costs
B)Due to rising average fixed costs
C)Due to marginal costs being less than average costs
D)Due to rising marginal costs

Question

Average costs curves rise with production ​
A)​Due to declining average fixed costs
B)Due to rising average fixed costs
C)Due to marginal costs being less than average costs
D)​Due to rising marginal costs

Quizplus · Accepted Answer

Average cost curve rises with production due to rising marginal costs, which means the additional cost incurred when producing an additional unit of output is increasing.

Average Costs Curves Rise with Production ​

Average Costs Curves Rise with Production