Note AcademyNote Academy
Start

Economics (AS & A Level) · Feb / March 2025 · Paper 32 · Question 1

9708Types of cost, revenue and profit, short-run and long-run production

Which cost will continually decrease as a firm's output increases in the short run?

  1. Aaverage cost
  2. Baverage fixed cost
  3. Caverage variable cost
  4. Dmarginal cost

As printed in the paper

Show the answer

Correct answer: B. average fixed cost

Sit this whole paper →More on Types of cost, revenue and profit, short-run and long-run production

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.