Average fixed costs
a. will remain unchanged as output expands.
b. are defined as the change in total costs divided by the change in output.
c. will always increase as output increases.
d. will always decrease as output expands.
D
Economics
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Factors that shift the IS curve involve:
A) interest rates and levels of GDP. B) the quantity of money and the demand for money. C) the trade balance. D) exogenous variables affecting demand, such as a change in government spending or a change in the exchange rate.
Economics
Economies of scale are followed by diseconomies of scale
Indicate whether the statement is true or false
Economics