If ATC = $10,AVC = $6,AFC = $3 and MC = $5,then if output increased by one unit:
A) MC will increase.
B) MC will decrease.
C) ATC will increase.
D) MC may be increasing or decreasing.
E) AFC will increase.
Correct Answer:
Verified
Q49: ATC can be calculated as follows:
A) AFC*AVC
Q52: As output increases:
A) ATC rises at first
Q53: Exhibit 6-4 Workers and output data
Q55: If ATC = $10,AVC = $8,AFC =
Q59: Which of the following is considered to
Q59: The shape of the total cost curve
Q60: Average total cost is:
A) average fixed cost
Q61: Exhibit 6-8 Cost schedule for producing pizzas
Q63: Exhibit 6-8 Cost schedule for producing pizzas
Q164: Which of the following statements is true?
A)
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