The production cost that varies inversely with output is ...
The production cost that varies inversely with output is the
Total fixed cost
Marginal cost
Average fixed cost
Average cost
Correct answer is D
Average cost is directly proportional to the total cost of goods and inversely proportional to the number of goods, so average cost decreases when the number of goods increases.
Nations engage in international trade because of difference in? ...
The upward slope of the supply curve indicates that ...
One of the fundamental economic problem of every society is ...
Productivity per worker, is best measured by ...
Shares and stocks can be bought in the ...
A major limiting factor of mass production is ...
The 'terms of trade' means ...
Which of the following will NOT be a barrier to international trade? ...