As a firm continues to produce additional output, which of the following will continue to decline as output expands?

A. opportunity costs
B. average total costs
C. average fixed costs
D. marginal costs


Answer: C

Economics

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Economics

A firm sells 1000 units per week. It charges $70 per unit, the average variable costs are $25, and the average costs are $65 . In the long run, the firm should

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Economics