If average variable cost decreases as output increases, then:
举一反三
- For small quantities of output, average variable cost decreases as output increases due to:
- Average variable cost and average total costs get closer together as output increases because:
- 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 perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.
- Which type of cost always increases immediately when output increases?