Author Question: Which of the following costs always declines as output increases? A) Average cost B) Marginal ... (Read 55 times)

joblessjake

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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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Answer to Question 1

D

Answer to Question 2

B



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