Multiple Choice
-In the above figure, curve D slopes downward because
A) average fixed costs decrease as output increases.
B) there are decreasing marginal costs.
C) there are diminishing returns.
D) all costs decrease as output increases.
Correct Answer:

Verified
Correct Answer:
Verified
Q79: When long- run average cost increases as
Q80: Farmer Seth has a perfectly flat long-
Q81: A firm's total cost (TC) equals the
Q82: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Sandra's Shirts' production
Q83: Marginal cost is equal to<br>A) output divided
Q85: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q86: When the marginal product curve is above
Q87: The short run is a period of
Q88: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The cost data
Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table