The average fixed cost curve slopes downward due to
A) diminishing marginal utility.
B) diminishing marginal returns.
C) technological inefficiency.
D) economic inefficiency.
E) spreading total fixed cost over increasing output.
Correct Answer:
Verified
Q107: If the MC curve is rising then
Q108: Marginal cost equals
A)Q/TVC.
B)ΔTFC/ΔTC.
C)ΔTC/ΔQ.
D)ΔQ/ΔTVC.
E)(TC - TVC)/Q.
Q109: The ATC curve shifts upward if
A)factor prices
Q110: Which of the following quotes best illustrates
Q111: A technological advance will shift (1)TP,AP,and MP
Q113: If the ATC curve is rising then
Q114: Marginal cost
A)is constantly increasing,but as output increases
Q115: The AFC curve shifts upward if
A)factor prices
Q116: Total cost is $20 at 4 units
Q117: An increase in the cost of labour
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