The Average Variable Cost Curve Slopes Upward with a Higher

question 20

Multiple Choice

The average variable cost curve slopes upward with a higher rate of output in the short run because of

• A)The effect of diminishing returns.
• B)The shape of the average fixed cost curve.
• C)Diseconomies of scale.

---

Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing information and controlling most functions of the body and mind.

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brain, central to the nervous system's function.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and transmitting neural signals.

Decision Maker

An individual or group responsible for making choices or judgments.