QUESTION 7 Consider a coffee shop that can increase the amount of coffee sold by increasing the number of coffee machines. If the coffee seller faces diminishing marginal returns to the coffee machines, she must also face... O Decreasing marginal costs O Decreasing total cost Increasing Marginal Costs Increasing average costs O Constant average costs

QUESTION 7 Consider a coffee shop that can increase the amount of coffee sold by increasing the number of coffee machines. If the coffee seller faces diminishing marginal returns to the coffee machines, she must also face... O Decreasing marginal costs O Decreasing total cost Increasing Marginal Costs Increasing average costs O Constant average costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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As output rises, which of the following always increases? variable cost only marginal cost only total cost and variable cost total cost only O fixed cost only
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