Multiple Choice
Engineers for the Off Road Skateboard Company determine that a 12% increase in all inputs will cause a smaller percentage increase in output. Assuming that input prices remain constant, you correctly deduce that such a change in inputs will cause ________ as output increases.
A) total costs to decrease
B) average costs to increase
C) average costs to decrease
D) average fixed costs to increase
Correct Answer:
Verified
Correct Answer:
Verified
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