Micro 3.2-Short-Run Cost Curves MCQ Open Practice

The cost that varies with the level of output.

The cost that remains constant regardless of output.

The cost to produce one more unit of output.

The sum of total variable cost and total cost.

The total cost minus marginal cost.

$100

$800

$200

$300

$500

Decreases

Increases

Remains constant

Equals Total Cost

Remains unpredictable

Total Cost divided by quantity produced.

Total Fixed Cost divided by quantity produced.

Total Variable Cost divided by quantity produced.

Total Variable Cost minus Quantity.

Total Cost minus Average Total Cost.

$10

$12

$15

$20

$30

Marginal Cost

Total Variable Cost

Total Fixed Cost

Average Variable Cost

Total Cost

Total Variable Cost

Total Fixed Cost

Marginal Cost

Average Fixed Cost

Total Cost

$400

$40

$4

$10

$100

Increases

Decreases

Stays the same

Becomes zero

Cannot be determined

More output is produced.

Less output is produced.

Increase in Total Fixed Cost.

Less efficient production.

Fixed costs are variable.