Costs that do not vary with output are called
A) total costs.
B) short-run costs.
C) long-run costs.
D) variable costs.
E) fixed costs.
Correct Answer:
Verified
Q62: The slope of the total cost curve
Q63: Marginal cost increases because
A)marginal product decreases.
B)the price
Q64: Marginal cost begins to increase when
A)total cost
Q65: Variable costs are generally associated with the
Q66: Variable costs are those that
A)vary with output.
B)are
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
Q71: When production increases, total costs
A)can increase or
Q72: The slope of the supply curve reflects
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