Author Question: Engineers for The All-Terrain Bike Company have determined that a 15% increase in all inputs will ... (Read 174 times)

magmichele12 · **on:** Apr 19, 2019

Question 1

Engineers for the Off Road Skateboard Company have determined that a 10% increase in all inputs will cause output to increase by 5%. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.

◦ total cost to decrease
◦ average costs to increase
◦ average costs to decrease
◦ average fixed costs to increase

Question 2

Engineers for The All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.

◦ average costs to increase
◦ average costs to decrease
◦ average costs to remain constant
◦ marginal costs to increase

sarah_brady415 · **Reply #1 on:** Apr 19, 2019

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