If Marginal Cost Is GREATER Than Average Total Cost,then Average

question 248

Multiple Choice

If marginal cost is GREATER than average total cost,then average total cost is:

• A)at its maximum.
• B)at its minimum.
• C)rising.
• D)falling.

---

Definitions:

Rephrasing Question

The act of rewording a question to clarify its meaning or to elicit a more detailed response.

Sales Process

A sequential series of actions by the salesperson that leads toward the prospect taking a desired action and ends with a follow-up to ensure purchase satisfaction.

Approach

The initial step in the sales process, where the salesperson makes contact with potential customers and begins to establish a relationship.

Introductory Approach

A strategy used to make a first impression or initial proposal to potential clients or customers.