In a graph showing the short-run cost curves, the one curve which declines continuously as we expand output is called
A. the average total cost curve.
B. the marginal cost curve.
C. the average variable cost curve.
D. the average fixed cost curve.
Answer: D
Economics
You might also like to view...
The equation of exchange states that
A) saving equals investment. B) gross domestic product equals the money supply multiplied by its velocity. C) increases in money supply cause decreases in velocity. D) increases in money supply cause increases in velocity.
Economics
Figure 6.5 shows the short-run and long-run effects of an increase in demand of an industry. The industry is:
A. a constant-cost industry. B. an increasing-cost industry. C. a decreasing-cost industry. D. There isn't sufficient information.
Economics