Solved

The Larger the Output,the More Variable Input Required to Produce

Question 279

Multiple Choice

The larger the output,the more variable input required to produce additional units.Called the _____ effect,this leads to a _____ average _____ cost as output rises.


A) spreading;lower;fixed
B) spreading;higher;fixed
C) diminishing returns;lower;variable
D) diminishing returns;higher;variable

Correct Answer:

verifed

Verified

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

Related Questions

Q274: In the short run,the average total cost

Q275: In the short run,and with nonzero fixed

Q276: Diminishing marginal returns occur when:<br>A)each additional unit

Q277: The long-run average total cost of producing

Q278: Use the following to answer question: <img

Q280: In economics,the short run is:<br>A)less than 1

Q281: Use the following to answer question: <img

Q282: (Table: Tonya's Production Function for Apples)Use Table:

Q283: Average variable cost does NOT equal:<br>A)variable cost

Q284: Use the following to answer question: <img