The average fixed cost curve slopes downward due to
A) diminishing marginal utility.
B) diminishing marginal returns.
C) technological inefficiency.
D) economic inefficiency.
E) none of the above.
Correct Answer:
Verified
Q64: Use the table below to answer the
Q76: Use the table below to answer the
Q85: If an increase in output from 5
Q86: Choose the correct equation.
A)TFC = TC/Q
B)TFC =
Q93: The marginal cost (MC)curve intersects the
A)ATC,AVC,and AFC
Q98: Which of the following quotes best illustrates
Q100: Marginal cost is the amount that
A)total cost
Q102: The MC curve shifts upward if
A)factor prices
Q108: Marginal cost equals
A)Q/TVC.
B)ΔTFC/ΔTC.
C)ΔTC/ΔQ.
D)ΔQ/ΔTVC.
E)(TC - TVC)/Q.
Q115: The AFC curve shifts upward if
A)factor prices
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents