Once diminishing returns have set in, as output increases, the total cost curve:

A. increases at first and then decreases.

B. gets flatter.

C. becomes horizontal.

D. gets steeper.

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Divya SinghLv10

30 Sep 2020

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Related questions

In the short run, as output gets larger:

A. fixed cost gets smaller.
B. the average variable cost curve gets closer and closer to the average total cost curve.
C. marginal cost gets smaller.
D. average total cost decreases after the point of diminishing returns.

blueotter226

8) If the price of the good measured on the vertical axis increases, the budget line A) becomes flatter. B) becomes steeper. C) shifto rightward and parallel to the original budget line. D) shifts leftward and becomes steeper. E) shifts leftward and parallel to the original budget line.

The long-run average total cost curve is always:

a. Flatter than the short-run average total cost curve, but not necessarily horizontal

b. Horizontal

c. Falling as output increases

d. Rising as output increases.