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Q: Given constant quantities of all other factors of production, when additional units of a variable factor of production add less and less to total output, then the firm is experiencing: A. constant
marginal returns. B. increasing marginal returns. C. diminishing marginal returns. D. negative marginal returns.
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Asked 6/6/2013 12:27:07 AM
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Average variable cost is: A. the firm's variable cost per unit multiplied by the quantity. B. total variable cost divided by quantity. C. the difference between average total cost and total variable cost. D. the difference between total cost and total variable cost
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Expert Answered
Updated 2/14/2016 6:06:05 PM
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Average variable cost is total variable cost divided by quantity.
Added 2/14/2016 6:06:05 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [2/14/2016 8:38:47 PM]
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