Question: To calculate average variable cost ( AVC ) at each output level, divide the variable cost at that level by the total product. Which of
To calculate average variable cost AVC at each output level, divide the variable cost at that level by the total product. Which of the following is true of average variable cost AVC PA In the longrun, AVC remains constant but if production increases beyond a particular point, inefficiencies in the fixedsize production facility cause AVC to rise.B In the shortrun, AVC remains constant but if production increases beyond a particular point, AVC tends to fall.C In the shortrun, AVC remains constant but if production increases beyond a particular point, inefficiencies in the fixedsize production facility cause AVC to rise.D In the longrun, AVC remains constant but if production increases beyond a particular point, AVC tends to fall,
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