As output increases, total cost also increases. Therefore:
举一反三
- Average variable cost and average total costs get closer together as output increases because:
- Which type of cost always increases immediately when output increases?
- If average variable cost decreases as output increases, then:
- For small quantities of output, average variable cost decreases as output increases due to:
- Asa factory increases its output,the<br/>average total cost of producing the product goes down. It illustrates<br/>the law of diminishing returns. ( )