Question

A firm's ___________________ are costs that increase as quantity produced increases. These costs often show _______________________ by increasing at an increasing rate. fixed costs; technological changes variable costs; constant returns to scale fixed costs; opportunity costs variable costs; diminishing marginal returns A firm's ___________________ are costs that are incurred even if there is no output. In the short run, these costs ___________________ as production increases. variable costs; do not change fixed costs; increase fixed costs; do not change variable costs; increase

Answer 1

Answer:

variable costs; diminishing marginal returns 

fixed costs; do not change

Explanation:

Variable costs are costs that changes with the level of output. If output increases, variable cost increases and if output falls,it falls. Examples of variable costs are wages, cost of production materials etc.

Fixed cost don't vary with production. Example rent.

They do not increase or decrease with production.

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