Asked by
Denzel Yakam
on Nov 25, 2024
Verified
Many people have turned to the Internet to get the news. This has caused the circulation numbers of newspapers to fall drastically, which in turn caused their
A) average fixed costs to increase.
B) average total costs to decrease.
C) average fixed costs to decrease.
D) marginal costs to increase.
Internet News
News and information distributed and accessed through the internet, encompassing a wide range of digital platforms.
Circulation Numbers
The total quantity of copies of a publication (such as a newspaper or a magazine) distributed in a given period.
Average Fixed Costs
Average fixed costs are calculated by dividing the total fixed costs by the quantity of output produced, showing cost per unit.
- Recognize the elements that cause changes or transitions in cost curves during short-term and long-term periods.
- Distinguish among variable, fixed, and sunk costs, highlighting their significance in business decision-making.
Verified Answer
CJ
Learning Objectives
- Recognize the elements that cause changes or transitions in cost curves during short-term and long-term periods.
- Distinguish among variable, fixed, and sunk costs, highlighting their significance in business decision-making.