Diminishing returns to factors of production cause:
A) diminishing opportunity costs.
B) the ratio of fixed costs to total costs to increase.
C) average fixed costs to decrease.
D) marginal costs to rise.
E) none of the above.
Correct Answer:
Verified
Q1: If 25 units of a good are
Q3: Why is the average fixed cost curve
Q4: A driver wishes to buy gasoline and
Q5: Use the following to answer questions :
Figure
Q6: Marginal cost is the:
A)total cost divided by
Q7: If output rises and total costs remain
Q8: If 25 units of a good are
Q9: The intersection of the marginal cost curve
Q10: Costs that change as output changes:
A)fixed cost
B)variable
Q11: Microsoft lets you have their software, Internet
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