The relationship between MC and AC can best be described as
A) when AC increases,MC starts to increase.
B) when MC increases,AC starts to increase.
C) when MC decreases,AC decreases.
D) when MC exceeds AC,AC increases.
Correct Answer:
Verified
Q12: Average fixed cost
A)does not change as total
Q13: Which of the following cost relationships is
Q14: Economists consider which of the following costs
Q15: When a firm's MC curve shifts to
Q16: Changes in the short-run total costs result
Q18: Which of the following relationships is correct?
A)When
Q19: When a firm increased its output by
Q20: The distinction between sunk and incremental costs
Q21: The method of estimating long-run costs in
Q22: The learning curve indicates that
A)economies of scale
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