Choose the statement that is correct.
a. the mc curve intersects the afc, avc, and atc curves at their minimums.
b. the atc curve eventually slopes upward because average variable cost eventually increases.
c. an increase in output always increases average total cost.
d. initially as output increases, average variable cost decreases, so average total cost decreases and the atc curve slopes downward. average fixed cost remains unchanged.

How do primary and secondary industries differ

You are the new chief information officer for the video-game developer, necturus games. the company has recently undergone a major expansion of its primary product, and you must staff up the is department and determine the best way to develop new game "capsules" for the game, "escape velocity."

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo