68. AFC: A) will fall in the early stages of production but rise when capacity is...

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68. AFC: A) will fall in the early stages of production but rise when capacity is maximized B) is constant at any given level

67. A lumber company that specialized in making pine boards finds it can lower costs by also making particleboard and paper p

business economics

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Answer 1

Answer #1

68.AFC falls continuously with rise in output but never becomes zero.

Answer-C

69.AP=TP/Q

AP=200/10=20

Answer-C

70.Total cost =FC+VC

Answer-C

67.It is an example of economies of scope.

Answer-C

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