Which of the Following Costs Always Declines as Output Increases

question 40

Multiple Choice

Which of the following costs always declines as output increases?

• A) Average cost
• B) Marginal cost
• C) Fixed cost
• D) Average fixed cost
• E) Average variable cost

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Definitions:

William Julius Wilson

A sociologist from America who is recognized for his contributions to urban sociology, as well as his studies on race and socio-economic class within the United States.

Middle-Class

A social group between the upper and working classes, including professionals, business people, and others with moderate income.

Black Working-Class

The Black working-class refers to members of the Black community engaged in manual or industrial labor, often focusing on economic and social challenges faced by this group.

Poor

Individuals or populations that lack financial resources and essentials for a minimum standard of living.