If the Marginal Cost of Adding an Extra Unit of Output

question 2

Multiple Choice

If the marginal cost of adding an extra unit of output exceeds average total cost,

• A) average variable cost must be decreasing as output increases.
• B) average fixed cost must be increasing as output increases.
• C) average total cost must be increasing as output increases.
• D) average total cost must be decreasing as output increases.
• E) average fixed cost must be constant.

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Definitions:

Mass- and Entertainment-Media Influences

The impact that content from television, movies, music, and online sources has on shaping individuals' attitudes, beliefs, and behaviors.

Individualistic Cultures

Societies that value independence, self-expression, and the needs of the individual over those of the group.

Collectivist Cultures

Societies that emphasize the needs and goals of the group as a whole over the needs and desires of each individual.

External Attributions

External attributions are explanations for one's behavior or outcomes based on external circumstances or environmental factors, rather than personal characteristics.