In the short run, ________ costs exceed ________ costs.
A) total fixed; total
B) average variable; average total
C) total variable; total
D) average total; average variable

Question

Quizplus · Accepted Answer

In the short run, average total costs include both average fixed costs and average variable costs. Since average fixed costs are always positive, average total costs must exceed average variable costs.

In the Short Run, ________ Costs Exceed ________ Costs

In the Short Run, Costs Exceed Costs