Which of the Following Statements Is True

question 37

Multiple Choice

Which of the following statements is true?

• A)If AVC is increasing, ATC must be increasing, too.
• B)If MC is increasing, then AVC is increasing.
• C)ATC reaches minimum before AVC.
• D)If AVC and AFC are decreasing, ATC must be decreasing.
• E)None of these.

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Definitions:

Legal Issues

Legal issues refer to matters of law encompassing regulations, statutes, and legal precedents that impact individuals, businesses, and relationships.

Political Issues

Challenges and factors related to government policies, regulations, or political stability that can affect business operations.

Ethical Issues

Moral problems or dilemmas that arise in the context of professional practices or business operations, often requiring careful thought or action.

Price Skimming

A pricing strategy where a seller charges a relatively high price for a product at first, then lowers the price over time.