Economics 9708 · AS & A Level · Short-run costs

Short-run costs — practice question

A firm faces fixed costs of $300 and is able to make two units per hour. Its total variable costs are $200 at one unit and $300 at two units. Which cost decreases by the smallest amount when the second unit is made?

  • Aaverage fixed cost
  • Baverage total cost
  • Caverage variable cost
  • Dmarginal cost

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