When production increases, total costs
A) can increase or decrease in the long run.
B) always increase in the short run.
C) are constant in the long run.
D) can increase or decrease in the short run.
E) become zero.
Correct Answer:
Verified
Q66: Variable costs are those that
A)vary with output.
B)are
Q67: Costs that do not vary with output
Q68: The slope of the total cost curve
Q69: Total costs are
A)variable costs plus average cost.
B)marginal
Q70: When fertilizer yields diminishing returns in the
Q72: The slope of the supply curve reflects
Q73: Because marginal product decreases as input is
Q74: Marginal cost is
A)the change in total cost
Q75: The total cost curve
A)has a positive slope
Q76: Because marginal cost increases as output increases,
A)marginal
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