Average fixed costs rise continuously as quantity of output rises.

The different stages of production of any commodity can be said to possess high volumetric interdependence if the output produced in any one of the stages affects the output produced during the subsequent stages

Indicate whether the statement is true or false

An appreciation of the U.S. dollar would

a. encourage foreigners to invest in the United States. b. discourage foreigners from buying U.S. goods. c. discourage the travel abroad of U.S. citizens. d. encourage foreign travel in the United States.