As Output Increases,a Typical Firm's Unit Costs

question 99

Multiple Choice

As output increases,a typical firm's unit costs

• A) decrease because the firm buys its inputs in large quantities
• B) increase because the supply of inputs increases
• C) remain constant
• D) increase due to the increasing scarcity of resources
• E) decrease as firms take advantage of diseconomies of scale.

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Definitions:

Bank Statement

A monthly or quarterly document provided by a bank, detailing all transactions in a customer's account during the statement period.

Check Register

A record book or a spreadsheet where all written checks, cash transactions, and deposits are recorded.

Outstanding Deposit

A deposit that has been made to a bank account but not yet cleared or recognized in the bank's record system.

Check Register

A record used to keep track of checks written, deposits made, and current balance in a checking account.