For most producing firms:
A. marginal cost rises as output is carried to a certain level, and then begins to decline.
B. total costs rise as output is carried to a certain level, and then begin to decline.
C. average total costs decline as output is carried to a certain level, and then begin to rise.
D. average total costs rise as output is carried to a certain level, and then begin to decline.
Answer: C
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In financial markets, leverage refers to:
A) the use of borrowed money in an investment B) the power to influence the market C) the use of political connections in attaining financial outcomes D) the role that speculators have in impacting market outcomes
The monetary policy weapon least often used by the Fed is ____________.
Fill in the blank(s) with the appropriate word(s).