The addition to total variable cost when one more unit of output is produced is
A) average variable cost.
B) average fixed cost.
C) total cost.
D) fixed cost.
E) marginal cost.
Correct Answer:
Verified
Q2: Fixed costs never decline.
Q3: Exhibit 8-2 Q4: If a firm is currently producing zero Q5: The long run is a period Q6: In the long run, Q8: Which of the following is a good Q9: In the long run, only fixed costs Q10: Fixed costs exist in Q11: If the total cost of producing 6 Q12: Which of the following does not change
A)that affects
A)most of the firm's
A)both the long run
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