Average Total Cost Minus Average Variable Cost ________ as Output

question 46

Multiple Choice

Average total cost minus average variable cost ________ as output increases because ________ as output increases.

• A) decreases and then increases; marginal cost initially decreases and then increases
• B) decreases; average fixed cost decreases
• C) decreases; marginal returns diminish
• D) decreases; economies of scale are present

---

Definitions:

Job Posting

An announcement or advertisement issued by an organization aiming to fill a vacant position by offering job details to potential candidates.

Unsolicited Letter

A letter sent without the recipient's prior request or expectation, often for promotional purposes.

Organization's Needs

Refers to the requirements or essentials necessary for a company or institution to achieve its goals and function effectively.

Application Letter

A written document submitted with a job application explaining the applicant's credentials and interest in the open position.