As a Firm Continues to Produce Additional Output, Which of the Following

question 148

Multiple Choice

As a firm continues to produce additional output, which of the following will continue to decline as output expands?

• A) average total costs
• B) marginal costs
• C) average fixed costs
• D) opportunity costs

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Definitions:

Brachial

Relating to the arm.

Cephalic

Referring to the head or the head end of the body.

Basilic

Often related to the basilic vein, which is a large vein on the upper arm that helps drain parts of the hand and forearm.

Vertebral Artery

The vertebral artery is one of the major arteries of the neck that supplies blood to the brain, particularly the posterior portion, including the cerebellum and the brainstem.