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In the short run, average cost may fall as output increases, due to: Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a rising average fixed costs. b falling average fixed costs alone. c increasing marginal product alone. d falling average fixed costs fall or increasing marginal product.

In the short run, average cost may fall as output increases, due to: Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a rising average fixed costs. b falling average fixed costs alone. c increasing marginal product alone. d falling average fixed costs fall or increasing marginal product.

Principles of Economics 2e
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 33CTQ: Average cost curves (except for avenge fixed cost) tend to be U-shaped, decreasing and then...
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IPCLR.17

 

 
In the short run, average cost may fall as output increases, due to:
Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer.
a
rising average fixed costs.
b
falling average fixed costs alone.
c
increasing marginal product alone.
d
falling average fixed costs fall or increasing marginal product.
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