Average variable costs:
A) decrease when marginal product rises and increase when marginal product declines.
B) increase when marginal product rises and decrease when marginal product declines.
C) increase when output declines and decrease when output rises.
D) decrease when output declines and increase when output declines.
Correct Answer:
Verified
Q124: Q125: Average variable costs _ as output increases. Q126: Q127: Marginal cost is: Q128: Q130: The marginal cost curve: Q131: How long is the long run? Q132: If the marginal cost of hiring another 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![]()
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A)is U-shaped.
B)rises when marginal
A)It is