67 210
Assignments Done
99,3%
Successfully Done
In November 2018

Answer to Question #52920 in Microeconomics for Yana

Question #52920
Which of the following is true if the total variable cost curve is rising?
a. Average fixed cost is increasing.
b. Marginal cost is decreasing.
c. Marginal cost is increasing.
d. Average fixed cost is constant.

What is the shape of the average fixed cost curve for a firm in the short run?
a. U - shaped.
b. A curve that constantly increases as output expands and eventually approaches infinity at
high rates of output.
c. A vertical line.
d. A curve that declines as output expands and approaches the horizontal - axis when output is
large.
Expert's answer
Which of the following is true if the total variable cost curve is rising?
a. Average fixed cost is increasing.
b. Marginal cost is decreasing.
c. Marginal cost is increasing.
d. Average fixed cost is constant.
Answer – C

What is the shape of the average fixed cost curve for a firm in the short run?
a. U - shaped.
b. A curve that constantly increases as output expands and eventually
approaches infinity at
high rates of output.
c. A vertical line.
d. A curve that declines as output expands and approaches the
horizontal - axis when output is
large.
Answer - D

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions