1. Relation of A and T curves *3* As the level of production increases in the short-run, the Average Variable Cost (AVC) curve (increases continuously/first decreases and then increases/decreases continuously) and the Average Fixed Cost (AFC) curve (increases continuously/first decreases and then increases/decreases continuously). O Increases continuously; decreases continuously. O First decreases and then increases; decreases continuously. First decreases and then increases; increases continuously. Decreases continuously; decreases continuously. O Increases continuously; first decreases and then increases. Save & Continue Continue without saving
1. Relation of A and T curves *3* As the level of production increases in the short-run, the Average Variable Cost (AVC) curve (increases continuously/first decreases and then increases/decreases continuously) and the Average Fixed Cost (AFC) curve (increases continuously/first decreases and then increases/decreases continuously). O Increases continuously; decreases continuously. O First decreases and then increases; decreases continuously. First decreases and then increases; increases continuously. Decreases continuously; decreases continuously. O Increases continuously; first decreases and then increases. Save & Continue Continue without saving
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 23SQ
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Transcribed Image Text:1. Relation of A and I curves
*3* As the level of production increases in the short-run, the Average Variable Cost (AVC) curve (increases continuously/first decreases and then
increases/decreases continuously) and the Average Fixed Cost (AFC) curve (increases continuously/first decreases and then increases/decreases
continuously).
Increases continuously; decreases continuously.
First decreases and then increases; decreases continuously.
First decreases and then increases; increases continuously.
Decreases continuously; decreases continuously.
Increases continuously; first decreases and then increases.
Save & Continue
Continue without saving
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