In the short run, when the output of a firm increases, its average fixed cost:

Related MCQs

• In which of the following market structure is the degree of control over the price of its product by a firm very large?
• The capital that is consumed by an economy or a firm in the production process is known as:
• The cost of one thing in terms of the alternative given up is called:
• Which is not a part of cost?
• Total Cost equals to ______.
• If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
• From which policy government adjusts its spending levels and tax rates to monitor and influence a nation’s economy.