Which of the Following Relationships Is NOT Valid

question 47

Multiple Choice

Which of the following relationships is NOT valid?

• A) Rising marginal cost implies that average total cost is also rising.
• B) When marginal cost is below average total cost, the latter is falling.
• C) When marginal cost is above average variable cost, AVC is rising.
• D) none of the above

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Definitions:

Morals

Principles or habits with respect to right or wrong conduct, often influenced by cultural, religious, or personal beliefs.

Rule Deontology

An ethical theory that stresses the importance of following universal rules or duties in ethical decision-making, regardless of the consequences.

Utilitarianism

A moral philosophy that evaluates the morality of actions based on their outcomes, emphasizing the greatest good for the greatest number of people.

Greatest Good

A principle, often associated with utilitarianism, that actions are right in proportion as they tend to promote the overall happiness or welfare of the greatest number of people.