If marginal cost increases when output increases, then
A) marginal product must decrease when output increases.
B) average fixed cost is constant.
C) total cost is constant.
D) average variable cost must increase when output increases.
E) average total cost must decrease when output increases.
A
You might also like to view...
What is the "quantity demanded"?
A) the amount of a good people desire B) the amount of a good people are able and willing to buy during a specific time period and at a given price C) the amount of a good people are able and willing to buy at all possible prices D) the maximum amount of a good that can be consumed during a specific time period E) the minimum amount of a good that people are willing to buy during a specific time period and at a given price
Unused lines of credit on credit cards are part of M2
a. True b. False Indicate whether the statement is true or false
Which it would strengthen if Cargill closed a processing plant in the local area.
A. It tends to be more predictable than the cash price. B. It can be negative or positive. C. It is fairly consistent seasonally over time. D. of the following is not true about the basis?
The goals of rate regulation have included the prevention of
A. marginal cost pricing. B. oligopolistic pricing. C. average cost pricing. D. monopoly profits.