The average variable cost curve and average total cost curve become closer together as output increases because
A) the marginal cost curve intersects the average total cost curve at its minimum.
B) average fixed cost remains constant as output rises.
C) average fixed cost, which is the difference between them, declines with output.
D) output is rising more rapidly than inputs are being increased.
Correct Answer:
Verified
Q179: Use the figure to answer the following
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