Figure 9.3
-Refer to Figure 9.3.What happens to the average fixed cost of production when the firm increases output from 150 to 200?
A) It remains constant.
B) It rises.
C) It falls.
D) It could rise or fall depending on what happens to total cost.
Correct Answer:
Verified
Q13: The formula for total fixed cost is
A)
Q93: Table 9.2 Q99: When the average total cost is $16 Q100: Suppose you have just opened a store Q141: Average fixed costs of production Q142: If the 15th unit of output has Q151: If the marginal product of labour is Q173: Average variable cost can be calculated using Q178: If a firm produces 20 units of Q180: If the total cost of producing 20
A)remain constant.
B)will rise
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents