Multiple Choice
Which of the following statements is true?
A) If AVC is increasing, ATC must be increasing, too.
B) If MC is increasing, then AVC is increasing.
C) ATC reaches minimum before AVC.
D) If AVC and AFC are decreasing, ATC must be decreasing.
E) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: The firm expands its capital up to
Q33: What will happen to the average of
Q34: Exhibit 8-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-3
Q35: Exhibit 8-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 8-5
Q36: A production function relates output to its
Q38: Marginal cost<br>A)is usually zero in the short
Q39: Fixed costs exist in<br>A)both the long run
Q40: A firm that maximizes output for a
Q41: At the shutdown point, a firm<br>A)earns a
Q42: If a competitive firm is losing money