Complete the following sentence:Average and marginal cost tend to fall – InterviewSolution

InterviewSolution

1.	Complete the following sentence:Average and marginal cost tend to fall as output rises, because ______
Answer» Average and marginal cost tend to fall as output rises, because of increasing returns to a factor.

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The curve in the following diagram is the most similar to a typical , A. Total Variable Cost CurveB. Marginal Cost CurveC. Total Cost CurveD. Average Variable Cost Curve
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