Answered: 45. What statement is true average cost…

45. What statement is true average cost does not include fix cost marginal cost does not include fix cost marginal cost always move in the same direction with average cost None is true

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 41P: Compute the average total cost, average variable cost, and marginal cost of producing 50 and 72...

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O a large factory
45. What statement is true
average cost does not include fix cost
O marginal cost does not include fix cost
marginal cost always move in the same direction with average cost
None is true
46. What statement is 'not' true
of output
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