Which of the following will always increase as output increases?
A) Total cost
B) Average total cost
C) Marginal cost
D) Fixed costs
Correct Answer:
Verified
Q18: Which of the following is a factor
Q19: Ceteris paribus,the law of diminishing returns states
Q20: Which of the following statements concerning the
Q21: Total revenue minus total cost equals:
A) Profit.
B)
Q22: Which of the following is equivalent to
Q24: A firm can be identified as profitable
Q25: Average total cost is defined as:
A) Total
Q26: Costs of production that do not change
Q27: Total cost is equal to _ costs
Q28: The most desirable rate of output is
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