Which short-run cost curve continually declines as output increases?
A) Total cost
B) Average variable cost
C) Average fixed cost
D) Marginal cost

Name: Which short-run cost curve continually declines as output increases? A) Total cost B) Average variable cost C) Average fixed cost D) Marginal cost
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

Average fixed cost continually declines as output increases because fixed costs are spread over a larger number of units.

Which Short-Run Cost Curve Continually Declines as Output Increases