When more capital is used in production,
A)the average total cost curve shifts left.
B)the average fixed cost curve shifts up.
C)fixed costs do not change, by definition.
D)only the respective fixed cost curves are affected.
E)the average variable cost curve does not change.

Question

Quizplus · Accepted Answer

The Answer of When more capital is used in production,
A)the average total cost curve shifts left.
B)the average fixed cost curve shifts up.
C)fixed costs do not change, by definition.
D)only the respective fixed cost curves are affected.
E)the average variable cost curve does not change.

When More Capital Is Used in Production