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Author Question: Which of the following costs always declines as output increases? A) Average cost B) Marginal ... (Read 24 times)

joblessjake

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on: Jul 1, 2018
Which of the following costs always declines as output increases?
 
  A) Average cost
  B) Marginal cost
  C) Fixed cost
  D) Average fixed cost
  E) Average variable cost

Question 2

Incremental cost is the same concept as ________ cost.
 
  A) average
  B) marginal
  C) fixed
  D) variable


mbcrismon

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

D

Answer to Question 2

B


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