Average total cost is important to a business because
A) It tells the firm what the profit per unit produced is.
B) It always declines as more output is produced.
C) It tells the firm what its fixed costs are.
Correct Answer:
Verified
Q23: The average variable cost curve slopes upward
Q24: Changes in short-run total costs result from
Q25: If the marginal physical product (MPP)is falling,then
Q26: The most desirable rate of output for
Q27: Marginal cost
A)Rises as a direct result of
Q29: In the short run,when a firm produces
Q30: Marginal cost
A)Is the change in total output
Q31: Which of the following is most likely
Q32: The shape of the marginal cost curve
Q33: In the short run,when a firm produces
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