In the Short Run, If the Average Cost Curve Is

question 195

Multiple Choice

In the short run, if the average cost curve is shown as decreasing, it is because

• A)fixed cost is spread out over larger amounts of production.
• B)it becomes cheaper to produce an infinite amount of goods.
• C)additional units of production are inferior.
• D)variable costs increase with each additional amount of production.

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Definitions:

Grandchildren

The offspring of one's children, forming the next generation within a family.

Retirement

The act of leaving one's job and ceasing to work, typically due to age or health reasons, often accompanied by a transition to a life phase with more leisure time.

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Genetics

The study of heredity and the variation of inherited characteristics, involving genes and DNA and how these are passed down from parents to offspring.