Average fixed costs
A) are always rising with increases in production
B) are dependent on marginal costs.
C) are dependent on average variable costs.
D) are always falling with increases in production.
D
Economics
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Largescale immigration into the New World, between 1870 and 1913 caused the real wages to:
a. decrease in comparison with Europe. b. increase at a slower pace in comparison with Europe. c. increase at a higher pace in comparison with Europe. d. stay constant.
Economics
Suppose people buy more of good 1 when the price of good 2 falls. These goods are
A) complements. B) substitutes. C) normal. D) inferior.
Economics