When a factory is operating in the short run,
A: it cannot alter variable costs.
B: total cost and variable cost are usually the same.
C: average fixed cost rises as output increases.
D: it cannot adjust the quantity of fixed inputs.
A: it cannot alter variable costs.
B: total cost and variable cost are usually the same.
C: average fixed cost rises as output increases.
D: it cannot adjust the quantity of fixed inputs.
举一反三
- Average variable cost and average total costs get closer together as output increases because:
- In short run the shutdown point is that point at which A: price equals marginal cost. B: average fixed cost equals marginal cost. C: average variable cost equals marginal cost. D: average total cost equals marginal cost.
- In the long run Firm A incurs total costs of $1,200 when output is 30 units and $1,600 when output is 40 units. Firm A exhibits_________. A: constant returns to scale because average total cost is constant as output rises B: diseconomies of scale because total cost is rising as output rises C: economies of scale because average total cost is falling as output rises D: diseconomies of scale because average total cost is rising as output rises
- If average variable cost decreases as output increases, then:
- A cost is described as staying the same over a certain activity range and then increasing but remaining stable over a revised activity range in the short term. What type of cost is this?? A semi-variable cost|A stepped fixed cost|A variable cost|A fixed cost