Multiple Choice
If output rises and total costs remain fixed, then:
A) average cost will fall.
B) average cost will rise.
C) average cost will eventually increase.
D) fixed cost will eventually rise.
E) variable cost will eventually become fixed at some maximum level.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: After-tax earnings are the total of dividends
Q8: If a firm produces more goods than
Q9: Use the following to answer questions :<br>Table
Q10: Costs that change as output changes:<br>A)fixed cost<br>B)variable
Q11: An accountant who forgets about depreciation charges
Q13: In our analysis, a firm answering the
Q14: Use the following to answer questions :<br>Figure
Q15: Use the following to answer questions :<br>Table
Q16: A company's depreciation charge on its income
Q17: Marginal cost is equal to the per