Multiple Choice
Because marginal cost is always ________ in the short run, total variable cost always ________ when output increases.
A) positive; increases
B) positive; decreases
C) negative; increases
D) negative; decreases
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Total cost is calculated as<br>A) the sum
Q2: Refer to the information provided in Figure
Q3: Refer to the short-run information provided in
Q4: Marginal cost is equal to average variable
Q5: _ is the average cost of producing
Q7: Free entry implies that<br>A) a perfectly competitive
Q8: Total cost is<br>A) TFC -TVC.<br>B) TFC/TVC.<br>C) TFC
Q9: If P = MC and MC >
Q10: Labor is the only variable input for
Q11: Assume Cathy's Cupcake Company operates in a