In the Short Run, Which of the Following Statements Is

question 91

Multiple Choice

In the short run, which of the following statements is correct?

• A)The marginal cost curve intersects the average variable and average fixed cost curves at their minimum points.
• B)Average variable cost declines continuously as total output is expanded.
• C)Total cost will exceed variable cost.
• D)If the inputs of all resources are increased by equal amounts, total output will expand by diminishing amounts.

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