A firm realizes that it is producing more than the profit maximizing level of output and makes a short-run decision to decrease its output. Which of the firm's cost measures is least likely to decrease as a result()
A. Average variable cost.
B. Average total cost.
C. Average fixed cost.
参考答案:C
解析:
A short-run decrease in output will cause a firm's average fixed costs to increase because its fixed costs are spread over a smaller number of units. In terms of cost curves, average fixed cost never slopes upward, so a decrease in output never reduces average fixed costs. The average variable cost, average total cost, and marginal cost curves all have upward sloping components along which a lower level of output would result in a lower cost.