Use the following to answer question 160: $$\begin{array}{l}
\text { Table: Output and Marginal Cost }\
\begin{array} { l c }
\hline \text { Output } & \text { Marginal Cost } \
\hline 1 & 15 \
2 & 10 \
3 & 5 \
4 & 8 \
5 & 12 \
6 & 20 \
\hline
\end{array}
\end{array}$$
-In the short run,as output gets larger:
A) fixed cost gets smaller.
B) the average variable cost curve gets closer to the average total cost curve.
C) marginal cost gets smaller.
D) the average total cost decreases after the point of diminishing returns.

Question

Use the following to answer question 160: $$\begin{array}{l}
\text { Table: Output and Marginal Cost }\
\begin{array} { l c } 
\hline \text { Output } & \text { Marginal Cost } \
\hline 1 & 15 \
2 & 10 \
3 & 5 \
4 & 8 \
5 & 12 \
6 & 20 \
\hline
\end{array}
\end{array}$$
-In the short run,as output gets larger:
A) fixed cost gets smaller.
B) the average variable cost curve gets closer to the average total cost curve.
C) marginal cost gets smaller.
D) the average total cost decreases after the point of diminishing returns.

Quizplus · Accepted Answer

As output increases, the average fixed cost decreases, causing the average total cost curve to get closer to the average variable cost curve.

Use the Following to Answer Question 160 -In the Short Run,as Output Gets Larger: A) Fixed Cost

Use the Following to Answer Question 160 -In the Short Run,as Output Gets Larger:
A) Fixed Cost