1)As a firm increases production, average total cost _____. awill stay the samebwill decreasecwill increasedmay either increase or decrease 2) As a firm increases production, total cost _____. awill stay the samebwill decreasecwill increasedmay either increase or decrease

Answered: 1)As a firm increases production,…

1)As a firm increases production, average total cost _____. a will stay the same b will decrease c will increase d may either increase or decrease

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter7: Production And Cost In The Firm

Section: Chapter Questions

Problem 21PAE

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Question

1)As a firm increases production, average total cost _____.

a	will stay the same
b	will decrease
c	will increase
d	may either increase or decrease

2) As a firm increases production, total cost _____.

a	will stay the same
b	will decrease
c	will increase
d	may either increase or decrease

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