With a given plant size, an increase in output will NOT result in an increase in
A) total cost.
B) average fixed cost.
C) total fixed cost.
D) average variable cost.

Name: With a given plant size, an increase in output will NOT result in an increase in A) total cost. B) average fixed cost. C) total fixed cost. D) average variable cost.
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Question

Quizplus · Accepted Answer

Total fixed cost remains constant regardless of the level of output, as it does not vary with production levels.

With a Given Plant Size, an Increase in Output Will