Solved

As Output Increases,average Total Cost Decreases

Question 267

Multiple Choice

As output increases,average total cost decreases


A) constantly.
B) as the average product of labor decreases.
C) initially and then starts to increase.
D) in the long run and the short run.
E) as long as average fixed cost decreases.

Correct Answer:

verifed

Verified

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

Related Questions