Suppose the Marginal Cost Curve in the Short Run First

question 27

Multiple Choice

Suppose the marginal cost curve in the short run first decreases and then increases.If marginal cost is decreasing,_____ must be _____ and _____ must be _____.

• A)marginal product;increasing;average fixed cost;zero
• B)average variable cost;decreasing;average fixed cost;increasing
• C)average total cost;increasing;marginal cost;decreasing
• D)marginal product;increasing;average variable cost;decreasing

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Definitions:

Fire Call

An emergency communication issued to summon firefighting services to a location where a fire is happening or suspected.

Primary Appraisals

The initial evaluation process in which an individual assesses the relevance, threat, or benefit of a situation.

Secondary Appraisals

The cognitive process of evaluating the possible ways to cope with a threat or challenge after an initial assessment of its potential harm or challenge.

Stressful Situation

A scenario or event that triggers a state of tension or anxiety in individuals, challenging their ability to cope effectively.