Average Total Cost Decreases with an Increase in Output Because

question 172

Multiple Choice

Average total cost decreases with an increase in output because ________.

• A) total variable cost decreases with an increase in output
• B) average fixed cost decreases with an increase in output
• C) the marginal cost of production increases with an increase in output
• D) diminishing marginal returns set in after a particular level of production

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Definitions:

Telecommuting

A work arrangement in which employees do not commute to a central place of work but instead work remotely, often from home, using the internet.

Chip-And-Pin Technology

A secure method for making credit and debit card transactions, using a microchip on the card and the cardholder entering a PIN.

LMS

Short for Learning Management System, it's a software application for the administration, documentation, tracking, reporting, and delivery of educational courses or training programs.

BYOD

"Bring Your Own Device," a policy that allows employees to use their personal devices for work purposes.