If Average Total Cost Is Declining,marginal Cost Cannot Be Increasing

question 290

True/False

If average total cost is declining,marginal cost cannot be increasing.

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Definitions:

Causal Explanations

Attempts to reveal the reasons or causes behind events, behaviors, or conditions.

Halo Effect

A cognitive bias where an observer's overall impression of a person, brand, or product positively influences their feelings and thoughts about that entity's specific traits.

Performance Evaluations

The systematic assessment of an individual's job performance and productivity, typically based on criteria such as quality of work, efficiency, and goal achievement.

Fundamental Attribution Error

The tendency to over-emphasize personality-based explanations for behaviors observed in others while under-emphasizing the role of external situations.