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Question 8 0/1 Which of the following is the most likely to happen to the difference between average total cost and average variable cost as a firm's output expands? Both averages would increase. . Both averages would decrease. X The two averages would become closer to each other. The averages would start to move further apart; total cost would rise while variable cost would fall. REPORT AN ERROR > Question 9 0/1 Assuming two factors of production, labor (L) and capital (K). a firm will minimize the cost of producing a given level of output when which of the following is true? A MPL/PL = PX/PK B MP_/PL = MPX/PK C P /MPL > MPK/PK D MPL/PK = MPx/PL X REPORT AN ERROR >