0
AFC falls
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What happens to the difference between ATC and AVC as a firm's output expands?
The difference narrows. ATC is the sum of AVC and AFC.. Since AFC declines steadily as output rises, the difference between ATC and AVC must narrow steadily.
When a firm increased its output by one unit its AFC decreased This indicates what?
mc=ac
What happens to the equilibrium wage and quantity of labor if output rises?
The equilibrium wage falls and the equilibrium quantity of labor rises
What happens to prices and output in short run when Short-run aggregate demand shifts left?
Prices rise, output rises
Factors that cause a producer's average cost per unit to fall as output rises?
economies of scale
What happens to the difference between ATC and AVC as a firm's output expands?
The difference narrows. ATC is the sum of AVC and AFC.. Since AFC declines steadily as output rises, the difference between ATC and AVC must narrow steadily.
When a firm increased its output by one unit its AFC decreased This indicates what?
mc=ac
What happens to the equilibrium wage and quantity of labor if output rises?
The equilibrium wage falls and the equilibrium quantity of labor rises
What happens to prices and output in short run when Short-run aggregate demand shifts left?
Prices rise, output rises
What this rises when the control rods are raised due to energy increase?
temperature ergo output
Factors that cause a producer's average cost per unit to fall as output rises?
economies of scale
What are the factors that cause a producers average cost per unit to fall as output rises called?
Economies of scale.
When the amount of output produced by a given amount of inputs increases the most likely result is?
overall productivity rises.
When amount of output produced by a given amount of input increase the most likely result is?
overall productivity rises.
What are factors that cause a producer's average cost per unit to fall as output rises called?
Economies of scale.
What are the factors that cause a producers average cost per unit to fall as output rises called what?
Economies of scale.
What are the names of the divisions in the NFL?
AFC- AFC east, AFC west, AFC north, AFC south NFC- NFC east, NFC west, NFC north, NFC south
