Which of the Following Always Decreases When Output Increases

question 21

Multiple Choice

Which of the following always decreases when output increases?

• A) total fixed cost
• B) marginal cost
• C) average variable cost
• D) average fixed cost
• E) total cost

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Definitions:

HR Forecasting Process

The method used by human resources to estimate the future demand for and supply of employees needed to ensure the company's operations run smoothly.

Source of Human Capital

Origin from which an organization acquires its employees' knowledge, skills, and abilities, contributing to its competitiveness and success.

Internal Supply

Existing employees who can be retrained, promoted, transferred, or otherwise redeployed to fill anticipated future HR requirements.

Labour Market Value

The value that the labor workforce adds to the production of goods or services, often reflected in the wages that employers are willing to pay for specific skills or jobs.