A business has no fixed costs. If marginal cost is constant as output increases,

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A business has no fixed costs. If marginal cost is constant as output increases,

A business has no fixed costs. If marginal cost is constant as output increases,
A) total cost is decreasing.
B) total cost is increasing.
C) average total cost is decreasing.
D) average total cost is increasing.
E) total cost is constant.

Textbook

Microeconomics for Life: Smart Choices for You

Edition: 2^nd

Author: Cohen

Read 77 times

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