The change in total costs when output changes is called
A) average variable costs.
B) marginal product.
C) average total cost.
D) marginal cost.
Correct Answer:
Verified
Q12: If marginal cost is rising
A)marginal product in
Q13: The shape of the costs curves may
Q14: The period of time over which all
Q15: If average total cost is rising
A)marginal cost
Q16: The period of time over which there
Q18: Marginal cost
A)cuts average variable cost and average
Q19: The CEO of British Petroleum decided that
Q20: Average variable costs
A)are parallel with average total
Q21: When a firm divests itself of an
Q22: According to the book, Akio Morita (the
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