When marginal cost is decreasing, total cost is rising. a. True b. ...

Author Question: When marginal cost is decreasing, total cost is rising. a. True b. ... (Read 38 times)

javeds

Hero Member
Posts: 570

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

Sr. Member
Posts: 339

Reply #1 on: Jun 30, 2018

Answer to Question 1

A

Answer to Question 2

D

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javeds

Hero Member
Posts: 570

Reply #2 on: Jun 30, 2018

Thank you

Animal_Goddess

Sr. Member
Posts: 339

Reply #3 on: Jun 30, 2018

Happy to help you

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