Why do average variable costs eventually rise if a company's output increases enough?O Diminishing marginal product occurs, causing average variable costs to rise.The diminishing marginal revenue triggers increased use of resources.O The reduction in average fixed costs must be offset by increasing variable costs.O The price paid for each unit of input keeps rising.

Costs refer to the expenses that firms incur to purchase raw materials and the factors of production…

Why do average variable costs eventually rise if a company's output increases enough? O Diminishing marginal product occurs, causing average variable costs to rise. O The diminishing marginal revenue triggers increased use of resources. O The reduction in average fixed costs must be offset by increasing variable costs. The price paid for each unit of input keeps rising.

Why do average variable costs eventually rise if a company's output increases enough? O Diminishing marginal product occurs, causing average variable costs to rise. O The diminishing marginal revenue triggers increased use of resources. O The reduction in average fixed costs must be offset by increasing variable costs. The price paid for each unit of input keeps rising.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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