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Author Question: When marginal cost is decreasing, total cost is rising. a. True b. ... (Read 42 times)

javeds

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on: Jun 30, 2018
When marginal cost is decreasing, total cost is rising.
 a. True
  b. False

Question 2

Fixed costs are defined as
 a. the total costs of a firm's production
  b. the additional cost of the last unit produced
  c. costs that increase proportionately as the quantity produced increases
  d. costs that do not vary as quantity produced increases
  e. implicit costs only


Animal_Goddess

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

D


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javeds

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Reply #2 on: Jun 30, 2018
Thank you :)


Animal_Goddess

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Reply #3 on: Jun 30, 2018
Happy to help you


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