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-What Could Have Caused the Average Total Cost Curve to Increase

Question 116

Multiple Choice

-What could have caused the average total cost curve to increase from ATC<sub>1</sub> to ATC<sub>2</sub>? A) Marginal product of the factor input has increased. B) The price of the variable input has decreased. C) Average product has decreased. D) Average variable costs have decreased. E) Average fixed costs have decreased.
-What could have caused the average total cost curve to increase from ATC1 to ATC2?


A) Marginal product of the factor input has increased.
B) The price of the variable input has decreased.
C) Average product has decreased.
D) Average variable costs have decreased.
E) Average fixed costs have decreased.

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