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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Identical Twins

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Fraternal Twins

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Genetic Influence

The impact of inherited genetic factors on individual characteristics, behaviors, and susceptibility to various conditions or diseases.

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Structured periods of education intended to impart knowledge and skills related to playing musical instruments or understanding music theory.