The larger the diameter of a natural gas pipeline, the lower is the average total cost of transmitting 1,000 cubic feet of gas 1,000 miles. This is an example of:

Related MCQs

• Whenever ………..is greater than average total cost, average total cost is rising.
• Whenever marginal cost is more than …………average total cost is falling:
• The competitive firm’s long run supply curve is the portion of it’s …………..curve lies above average total cost.
• So long as Average Revenue is falling, Marginal Revenue will be …………. Average Revenue
• Average cost pricing is also called as
• ……….. Measures the differences between the new total revenue and existing total revenue
• The distinction between variable cost and fixed cost is relevant only in
• Selling at a lower price in export market and at a higher price at home market is called
• In the case of …………… Consumer may moves to higher or lower demand curve
• If the short-run average variable costs of production for a firm are rising, then this indicates that: