The reason the average total cost curve declines initially is because of:
A) Falling average fixed cost.
B) Falling average variable costs.
C) Falling marginal cost.
D) Falling average fixed cost and falling average variable costs.
Correct Answer:
Verified
Q54: In the short run,a manufacturer should produce
Q55: Marginal cost will increase with greater output
Q56: Marginal cost is equal to:
A) Total cost
Q57: The short-run supply decision focuses on:
A) Marginal
Q58: Which of the following is not a
Q60: Rising marginal costs are the result of:
A)
Q61: Which of the following definitions is correct?
A)
Q62: In defining costs,economists recognize:
A) Explicit and implicit
Q63: Economic costs are greater than accounting costs:
A)
Q64: Economic profit is equal to total revenue
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