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If in the short run a business raises the output of its product then

If in the short run a business raises the output of its product then

A.

average fixed cost will remain constant over the whole range of output

B.

average variable cost will fall over the whole range of output

C.

average total cost will initially fall and then rise as output is increased

D.

average total cost will fall until constant returns to scale achieved

CIMA BA1 Summary

  • Vendor: CIMA
  • Product: BA1
  • Update on: Jul 28, 2025
  • Questions: 468
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