As output increases, total cost _______ , total fixed cost _______, and total variable cost _______.
A) increases; increases; does not change
B) increases; does not change; increases
C) increases; increases; increases
D) does not change; increases; increases

Question

Quizplus · Accepted Answer

Total cost and total variable cost increase as output increases, but total fixed cost does not change regardless of the level of output.

As Output Increases, Total Cost _______ , Total Fixed Cost