Solved

In the Short Run,average Total Costs and Average Variable Costs

Question 82

Multiple Choice

In the short run,average total costs and average variable costs converge as output increases because


A) marginal cost is below average total cost.
B) marginal cost is below average fixed cost.
C) average fixed costs continually increase.
D) average fixed costs continually decrease.
E) total cost continually increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents