Exhibit 8-4 
-Refer to Exhibit 8-4. Calculate the average fixed cost for 4 units of output.
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Fixed cost is $4...
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Q38: Average fixed cost always declines as output
Q39: When diminishing returns to labor begins,
A)average total
Q40: Exhibit 8-3 Q41: Marginal product and marginal cost are not Q42: If marginal cost is at its minimum, Q44: The short-run average total cost curve gets Q45: Average product Q46: Increasing returns occur when Q47: When a one-unit increase in input increases Q48: Exhibit 8-4 
A)total
A)is a standard unit of measure
A)marginal cost is increasing.
B)marginal
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