When a Firm's Average Variable Cost Is Constant No Matter

question 180

Multiple Choice

When a firm's average variable cost is constant no matter how much is produced,

• A)the firm's average cost will increase as the quantity produced increases.
• B)the firm's fixed cost must be zero.
• C)the firm's average cost will also be constant.
• D)the firm's average fixed cost will also be constant.
• E)the firm's average cost will decrease as the quantity produced increases.

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Definitions:

REM Sleep

A stage of sleep characterized by rapid eye movements, during which vivid dreams commonly occur, and is thought to play a role in learning and memory.

Non-REM Sleep

A phase of sleep that includes all sleep stages except for REM sleep, characterized by slower brain waves and reduced eye movement.

Minutes

Written records of the proceedings and decisions made during formal meetings.

REM Sleep

A phase of sleep characterized by rapid eye movements, during which dreaming often occurs and brain activity closely resembles that of being awake.