As Output Increases, AVC Approaches ATC Because of

question 479

Multiple Choice

As output increases, AVC approaches ATC because of

• A) diseconomies of scale.
• B) diminishing marginal returns.
• C) decreasing average fixed cost.
• D) increasing marginal cost.

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Definitions:

Sympathetic

Pertaining to the part of the autonomic nervous system that increases alertness, muscle tension, and energy expenditure in response to stress.

Somatic

Pertaining to the body, especially as distinct from the mind or the emotions.

Central

The core or most important part; in many contexts, it can refer to the central nervous system which includes the brain and spinal cord.

Growth Hormones

Proteins secreted by the pituitary gland that stimulate growth, cell reproduction, and cell regeneration in humans and other animals.