Which one of the following types of cost declines over the whole range of output?
A) marginal cost
B) average variable cost
C) total fixed cost
D) average fixed cost
E) total variable cost

Question

Quizplus · Accepted Answer

The average fixed cost declines over the whole range of output because as output increases, the fixed costs are spread out over a larger number of units, thereby decreasing the per-unit fixed cost.

Which One of the Following Types of Cost Declines Over