Average total cost decreases with an increase in output because:
A) the total variable cost decreases with an increase in output.
B) the average fixed cost decreases with an increase in output.
C) the marginal cost of production increases with an increase in output.
D) diminishing marginal returns sets in after a particular level of production.
Question 2
According to economic theory, a person
A) wants to advance his or her own interests and will try to do it rationally.
B) would not generate negative externalities if one has a properly-developed social conscience.
C) acts in a profit-seeking way in the market process and in a social-seeking way in government processes.
D) necessarily behaves as an individualist in markets and as a socialist in government.
Primary production increases with an increase in total phosphorus concentration.
Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Total radiative forcing ~1.63 Wm-2
Infant formula is available in several forms and varies in cost and ingredients
Role of Productivity in Determining Output per Worker, 2009
Average Precipitation Acidities and the Effects of Acid Rain