Multiple Choice
Average fixed cost is equal to
A) the amount of total cost that does not change as output changes in the short run.
B) fixed cost divided by the quantity of output produced.
C) fixed cost multiplied by the quantity of output produced.
D) average total cost plus average variable cost.
Correct Answer:

Verified
Correct Answer:
Verified
Q127: What is the difference between "diminishing marginal
Q128: Figure 11-10<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-10
Q129: In the short run, changes in output
Q130: If a firm experiences positive technological change,
Q131: The marginal cost curve is U-shaped because
Q133: When the marginal product of labor rises,<br>A)the
Q134: You own a business that answers telephone
Q135: In the short run, if the marginal
Q136: The difference between technology and technological change
Q137: Figure 11-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-6