44)How does the average-fixed-cost curve behave? A. It declines as long as it is above marginal cost. B. It always declines with increased levels of output. C. It declines as long as it is below marginal cost D. It always rises with increased levels of output.
44)How does the average-fixed-cost curve behave? A. It declines as long as it is above marginal cost. B. It always declines with increased levels of output. C. It declines as long as it is below marginal cost D. It always rises with increased levels of output.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
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44)How does the average-fixed-cost curve behave?
- A. It declines as long as it is above marginal cost.
- B. It always declines with increased levels of output.
- C. It declines as long as it is below marginal cost
- D. It always rises with increased levels of output.
43) Refer to the attached Table 2. What is the variable cost of producing zero widgets?
- A. $0
- B. $10.25
- C. $11.00
- D. $1.00
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