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CLEP Economics Exam Prep

Category - Economics

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The owners of Grass Cutters, a lawn-mowing service, decide to purchase four additional mowers because demand for their services is increasing. The owners make this decision projecting that the output, total costs, and total revenues of their business will change in which of the following ways?Output Total Costs Total Revenues

Increase Increase Increase
Increase Increase Decrease
Increase Decrease Increase
Decrease Decrease Increase

Explanation

Answer: A - Increase Increase Increase.

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CLEP Economics Exam Prep

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CLEP Economics Exam Prep

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