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Author Question: Which of the following costs always declines as output increases? A) Average cost B) Marginal ... (Read 25 times)

joblessjake

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  • Posts: 555
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

  • Sr. Member
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  • Posts: 328
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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