Consider a firm's short-run cost curves.Which one of the following types of cost declines over the whole range of output?
A)average fixed cost
B)marginal cost
C)total fixed cost
D)average variable cost
E)total variable cost

Question

Quizplus · Accepted Answer

Average fixed cost declines over the whole range of output because fixed costs are spread over an increasing number of units as output increases.

Consider a Firm's Short-Run Cost Curves