Total Cost of Production Is the Sum of Total Variable

question 156

Multiple Choice

Total cost of production is the sum of total variable cost and total fixed cost. If the total fixed cost alone decreases

• A) the average total cost curve shifts upward at all output levels.
• B) the marginal cost curve shifts downward at all output levels.
• C) the vertical distance between the average total cost curve and the average variable cost curve decreases at all output levels.
• D) the average variable cost curve shifts downward at all output levels.

---

Definitions:

Longevity

The length of time that an individual lives, often used in context of factors that contribute to a long life.

Life Span

The longest period that members of a species can live.

Life Expectancy

The average period that an individual is expected to live, based on statistical analysis.

Increased

Describes something that has grown or risen in number, size, quantity, or degree.