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Author Question: Engineers for The All-Terrain Bike Company have determined that a 15% increase in all inputs will ... (Read 148 times)

magmichele12

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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
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by magmichele12 on Apr 19, 2019

sarah_brady415

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Reply #1 on: Apr 19, 2019
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magmichele12

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Reply 2 on: Apr 19, 2019
:D TYSM

patma1981

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Reply 3 on: Yesterday
Wow, this really help

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