The average fixed cost curve
A) is a vertical line.
B) is a horizontal line.
C) slopes downward to the right as output rises.
D) is U-shaped (it declines as output rises,reaches a minimum,and then rises) .
Correct Answer:
Verified
Q32: As output rises,average fixed cost
A)rises.
B)falls.
C)remains the same.
Q33: When MC is rising but still below
Q34: Marginal cost may be defined as
A)the change
Q35: Which is most clearly a fixed cost?
A)Insurance
Q36: Jimmy,Walter,Mike,and Bill run a school for political
Q38: As a firm's output expands,the
A)ATC will reach
Q39: When the average total cost is at
Q40: Fixed cost is sometimes referred to as
A)sunk
Q41: Q42:
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