Variable costs
A) decrease with increasing output.
B) increase with decreasing output.
C) decrease with decreasing output.
D) might increase or decrease with increasing output.
C
Economics
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What is the difference between the functional and the personal distribution of income?
What will be an ideal response?
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A monopolistically competitive firm finds its profit-maximizing rate of output by equating
A) the marginal revenue of advertising with the marginal cost of advertising. B) average revenue and average total cost. C) price and marginal cost. D) marginal revenue and marginal cost.
Economics