The property tax a company pays on its factory building is an example of a variable cost.
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Q253: Diminishing returns arise because of fixed resources
Q254: Fixed costs include wages for current employees.
Q255: If producers experience an increase in the
Q256: Cost per unit of output is also
Q257: In the short run, fixed costs rise
Q259: Marginal cost is the addition to total
Q260: If the average variable cost for ten
Q261: The marginal cost curve and average variable
Q262: The average fixed cost curve and the
Q263: The average total cost curve and the
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