Engineers for the Giffen Record Company Determine That a 30

question 25

Multiple Choice

Engineers for The Giffen Record Company determine that a 30% increase in all compact disc inputs will cause a larger percentage increase in output. Assuming that input prices remain constant, you correctly deduce that such a change in inputs will cause ________ as output increases.

• A) average costs to increase
• B) average costs to decrease
• C) average costs to remain constant
• D) marginal costs to increase

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