As output decreases, average fixed costs
A. initially decrease and then increase.
B. decrease.
C. increase.
D. remain constant.
Answer: C
Economics
You might also like to view...
Describe some of the problems in testing the Heckscher-Ohlin theory
What will be an ideal response?
Economics
If Y = C + Ii, C = 100 + .80Y, Ii = 100, the equilibrium level of income is
a. $200 b. $400 c. $600 d. $800 e. $1,000
Economics
Sam is a musician who is out of work because electronic equipment replaced live musicians. This is an example of
Economics
Government procurement practices can restrict imports if the purchasing processes are heavily biased toward products with large local content.
Answer the following statement true (T) or false (F)
Economics