The average total cost curve has a shape because the _____ effect is dominant at low levels of output,and the _____ effect is dominant at high levels of output.
A) diminishing returns;spreading
B) spreading;diminishing returns
C) comparative advantage;absolute advantage
D) absolute advantage;comparative advantage
Correct Answer:
Verified
Q69: Average total cost is:
A)the change in cost
Q70: In the short run,the average total cost
Q71: Use the following to answer question:
Q72: The _ cost curve continually declines as
Q73: The rent for Oscar's sporting goods store
Q75: Average variable cost does NOT equal:
A)variable cost
Q76: The change in total cost resulting from
Q77: Krista's dry-cleaning business incurs $900 per month
Q78: The larger the output,the more output over
Q79: The larger the output,the more variable input
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