Assuming Fixed Costs Are Positive,over a Range of Output in Which

question 43

Multiple Choice

Assuming fixed costs are positive,over a range of output in which average total costs were constant,

• A) average variable costs would be constant as output increases.
• B) average variable costs would be falling as output increases.
• C) average variable costs would be rising as output increases.
• D) marginal cost would be less than average variable cost.

---

Definitions:

Body

The main part of a document or speech that contains the essential information and arguments.

Attention-Gaining

Strategies or tactics used to capture and hold someone's focus or interest.

Transition

The process or period of changing from one state or condition to another.

Rigid Stance

A firm or inflexible position or opinion on a particular subject, showing little to no willingness to change.