When More Capital Is Used in Production

question 164

Multiple Choice

When more capital is used in production,

• A)the average total cost curve shifts left.
• B)the average fixed cost curve shifts up.
• C)fixed costs do not change, by definition.
• D)only the respective fixed cost curves are affected.
• E)the average variable cost curve does not change.

---

Definitions:

Analytics

The scientific process of transforming data into insight for making better decisions.

Population

The entire set of individuals or items that a statistical study aims to analyze.

Sample

A selected subset of a population used in statistical analysis, intended to represent the larger group.

Collection

A group or accumulation of objects or items that are gathered together.