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gorgeous gorgeous
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5 years ago

Question 1.

Engineers for the Off Road Skateboard Company determine that a 12% increase in all inputs will cause a smaller percentage increase in output. Assuming that input prices remain constant, you correctly deduce that such a change in inputs will cause ________ as output increases.



▸ total costs to decrease

▸ average costs to increase

▸ average costs to decrease

▸ average fixed costs to increase

Question 2.

Engineers for The All-Terrain Bike Company determine that a 10% increase in all inputs will cause an equal percentage increase in output. Assuming that input prices remain constant, you correctly deduce that such a change in inputs will cause ________ as output increases.



▸ average costs to increase

▸ average costs to decrease

▸ average costs to remain constant

▸ marginal costs to increase
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Lori734Lori734
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You make an excellent tutor!
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Thank you, thank you, thank you!
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