Why is the average fixed cost curve not a U-shape?
A) average fixed costs is always increasing because of purchases.
B) average fixed costs remain constant regardless of output.
C) average fixed cost declines steadily as output increases
D) average fixed cost curve is U-shaped.
E) none of the above.
Correct Answer:
Verified
Q1: If 25 units of a good are
Q2: Diminishing returns to factors of production cause:
A)diminishing
Q4: A driver wishes to buy gasoline and
Q5: Use the following to answer questions :
Figure
Q6: Marginal cost is the:
A)total cost divided by
Q7: If output rises and total costs remain
Q8: If 25 units of a good are
Q9: The intersection of the marginal cost curve
Q10: Costs that change as output changes:
A)fixed cost
B)variable
Q11: Microsoft lets you have their software, Internet
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