Multiple Choice
When a firm's average variable cost is constant-no matter how much is produced-then the firm's:
A) average cost will increase as the quantity produced increases.
B) fixed cost must be zero.
C) average cost will also be constant.
D) average fixed cost will also be constant.
E) average cost will decrease as the quantity produced increases.
Correct Answer:
Verified
Correct Answer:
Verified
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