The Eventual Increase in AVC as Output Increases Is the _____

question 156

Multiple Choice

The eventual increase in AVC as output increases is the _____ effect.

• A)diminishing returns
• B)spreading
• C)constant cost
• D)increasing returns

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Definitions:

DVDs

Optical disc storage format used to store high capacity data like movies, software, and other digital content.

CDs

Short for Certificates of Deposit, which are savings certificates with a fixed maturity date and specified fixed interest rate that are issued by banks.

Budget Constraint

A budget constraint represents the limitations on the spending choices of consumers based on their income and the prices of goods and services.

DVDs

Digital Versatile Discs, a type of optical storage media used for storing data, including movies, software, and other digital information.