Question

A firm's ___________________ are costs that increase as quantity produced increases. These costs often show ___________________ illustrated by the increasingly steeper slope of the total cost curve. variable costs; diminishing marginal returns fixed costs; technological changes variable costs; constant returns to scale fixed costs; opportunity costs A firm's ___________________ are costs that are incurred even if there is no output. In the short run, these costs ___________________ as production increas

Answer 1

Variable costs; Diminishing marginal returns; Fixed costs; Do not change.