If Marginal Cost Exceeds Average Variable Cost

question 154

Multiple Choice

If marginal cost exceeds average variable cost,

• A)average variable cost is negative
• B)average variable cost is increasing
• C)marginal cost is greater than average total cost
• D)average variable cost is decreasing
• E)average fixed cost is increasing

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Definitions:

Liquidity Management

The practice of managing assets and liabilities in such a way that an individual or firm can meet its short-term obligations.