As a Firm Produces More and More CDs,the Average Cost

question 205

Multiple Choice

As a firm produces more and more CDs,the average cost of producing each CD falls.A curve showing the behavior of the average cost of a CD as more CDs are produced

• A) would be positively and then negatively-sloped.
• B) would be positively sloped.
• C) would be horizontal.
• D) would be negatively sloped.

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