As the output produced by a firm increases, the average fixed cost:
a. continues to decline.
b. initially increases, and then declines.
c. quickly drops to zero.
d. becomes constant.
e. declines and finally becomes negative.
a
Economics
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The reason that the impact on prices of decriminalization is ambiguous is that decriminalization causes a price
A. decreasing supply curve movement and a price increasing demand curve movement. B. decreasing supply curve movement and a price decreasing demand curve movement. C. increasing supply curve movement and a price decreasing demand curve movement. D. increasing supply curve movement and a price increasing demand curve movement.
Economics
which areas represent producer surplus under perfect price discrimination?
a. A + C b. B c. C d. A + B + C
Economics