As a firm expands its output, its average fixed cost does which of the following? O It declines continuously. O It declines, reaches a minimum, and then begins to Tise. O It remains the same regardless of how many units the firm produces. O Ir increases continuously as the firm expands its production. OItris not included as a cost when the firm computes its short-nn profits or losses Good Lot wi Pactr the correer repanse

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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As a firm expands its output, its average fixed cost does which of the following?
O It declines continuously.
O It declines, reaches a minimum, and then begins to rise.
O It remains the same regardless of how many units the firm produces.
O It increases continuously as the firm expands its production.
OIris not included as a cost when the firm computes its short-run profits or losses
Good Muct w e td
Ansrer the question abore br clicking on the correer response
Transcribed Image Text:As a firm expands its output, its average fixed cost does which of the following? O It declines continuously. O It declines, reaches a minimum, and then begins to rise. O It remains the same regardless of how many units the firm produces. O It increases continuously as the firm expands its production. OIris not included as a cost when the firm computes its short-run profits or losses Good Muct w e td Ansrer the question abore br clicking on the correer response
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