Profit Maximizing Under Perfect Competition & Monopoly Mcqs


Q.  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?

a. average costs to remain constant
b. average costs to decrease
c. average costs to increase
d. marginal costs to increase


ANSWER: See Answer
 
No explanation is available for this question!
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