When Marginal Cost Is Below Average Variable Cost, Average Variable

question 135

Multiple Choice

When marginal cost is below average variable cost, average variable cost must be:

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

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Definitions:

Carbohydrate

Organic compounds made up of carbon, hydrogen, and oxygen that serve as a major source of energy in the diet of animals, including sugars, starch, and cellulose.

Saccharide

A saccharide is a sugar or a substance made up of sugar molecules, ranging from simple monosaccharides like glucose to complex polysaccharides like starch.

Term

A word or phrase used to describe a specific concept or a period of time.

Sugar

A general term for sweet-tasting, soluble carbohydrates, many of which are used in food.