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Author Question: Which always increase(s) as output increases? A) Marginal Cost only B) Fixed Cost only C) ... (Read 45 times)

Destiiny22

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on: Jul 1, 2018
Which always increase(s) as output increases?
 
  A) Marginal Cost only
  B) Fixed Cost only
  C) Total Cost only
  D) Variable Cost only
  E) Total Cost and Variable Cost

Question 2

Which of the following events will cause a leftward shift in the supply curve of gasoline?
 
  A) A decrease in the price of gasoline
  B) An increase in the wage rate of refinery workers
  C) Decrease in the price of crude oil
  D) An improvement in oil refining technology
  E) all of the above


xiaomengxian

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

B


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