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If marginal cost equals average variable cost, average variable cost will

joanne1718

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If marginal cost equals average variable cost, average variable cost will

Question 1.

Average variable and average total costs get farther apart as output decreases because ________ as output decreases.

▸ diminishing returns set in

▸ average fixed costs increase

▸ marginal costs increase

▸ total and total variable costs get farther apart

Question 2.

If marginal cost equals average variable cost, average variable cost will

▸ be maximized.

▸ decrease.

▸ increase.

▸ be minimized.

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 64 times

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kirakira15

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More solutions for this book are available here

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joanne1718 Author

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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this is exactly what I needed

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