Solved

-Refer to the Graph Above

Question 86

Multiple Choice

-Refer to the graph above.The reason why AVC is approaching ATC after the fifth unit of output is because A) diminishing returns have started to occur. B) there are not enough tools and machines for all of the workers. C) average fixed cost is approaching zero as more output is produced. D) total fixed cost is approaching zero as more output is produced. E) production is approaching the long run.
-Refer to the graph above.The reason why AVC is approaching ATC after the fifth unit of output is because


A) diminishing returns have started to occur.
B) there are not enough tools and machines for all of the workers.
C) average fixed cost is approaching zero as more output is produced.
D) total fixed cost is approaching zero as more output is produced.
E) production is approaching the long run.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q81: For a price taker,if the price of

Q82: If a price taker spends $400 to

Q83: For a price taker,if the price of

Q84: Marginal cost is calculated as
A) total revenue

Q85: -Refer to the</p></div><svg width=

Q87: The marginal cost curve is a price

Q88: In order for a price taker to

Q89: Suppose that a price taker confronts a

Q90: Assume that a price taker uses 13

Q91: If a price taker spends $200 to

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents