Which of the Following Will Become Smaller and Smaller as the Firm

question 152

Multiple Choice

Which of the following will become smaller and smaller as the firm expands output?

• A) average total cost
• B) average fixed cost
• C) marginal cost
• D) total fixed cost

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Definitions:

Blister

A small pocket of body fluid within the upper layers of the skin, usually caused by friction, burning, or other damage.

Lighten

To make or become less heavy, serious, or intense.

Darken

To make or become dark or darker in color, often reducing visibility or creating a more subdued atmosphere.

Scar

A mark left on the skin or within body tissue where a wound, burn, or sore has not healed completely and fibrous connective tissue has developed.