The Average Fixed Cost Curve

question 244

Multiple Choice

The average fixed cost curve

• A)always declines with increased levels of output.
• B)always rises with increased levels of output.
• C)declines as long as it is above marginal cost.
• D)declines as long as it is below marginal cost.

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Definitions:

Muscular

Relating to or constituting muscle or muscles, particularly regarding strength, appearance, or the ability to perform physical tasks.

Nervous

relating to the nerves or nervous system, or described as easily agitated or anxious.

Urinary

Relating to the system of organs responsible for the production, storage, and expulsion of urine.

Stratified Squamous

A type of epithelial tissue characterized by multiple layers of flat, closely packed cells, which provides protection against mechanical stress and abrasion.