Average Variable Cost and Average Total Costs Get Closer Together

question 375

Multiple Choice

Average variable cost and average total costs get closer together as output increases because

• A) diminishing returns set in.
• B) average fixed costs decrease as output increases.
• C) marginal costs decrease as output increases.
• D) economies of scale become apparent.

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Definitions:

Family Systems Theorist

A professional in psychology or sociology who studies the family unit's dynamics and how they affect individual behavior and mental health.

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Secondary Prevention

Prevention interventions that are designed to address disorders quickly, before they become more serious problems.

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