he marginal cost of driving a mile is $0.33. (Round your response to two decimal places) an deciding whether to drive from Atlanta to Las Vegas (about 2,000 miles round-trip) to visit a friend, which costs would you consider? Why? O A. Fixed costs, because they will not change with total miles driven OB. Variable costs, because they will increase with each mile driven. OC. Average.costs, because they will increase with each mile driven. OD. Fixed costs, because they will increase with each mile driven. Ancwar

he marginal cost of driving a mile is $0.33. (Round your response to two decimal places) an deciding whether to drive from Atlanta to Las Vegas (about 2,000 miles round-trip) to visit a friend, which costs would you consider? Why? O A. Fixed costs, because they will not change with total miles driven OB. Variable costs, because they will increase with each mile driven. OC. Average.costs, because they will increase with each mile driven. OD. Fixed costs, because they will increase with each mile driven. Ancwar

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

See similar textbooks

Similar questions

Average cost curves (except for avenge fixed cost) tend to be U-shaped, decreasing and then increasing. Marginal cost curves have the same shape, though this may be harder to see since most of the marginal cost curve is increasing. Why do you think that average and marginal cost curves have the same general shape?
Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?
How does fixed cost affect marginal cost? Why is this relationship important?
What shapes would you generally expect each of the following cost curves to have: fixed costs, variable costs, marginal costs, average total costs, and average variable costs?