When Marginal Cost Is Greater Than Average Variable Cost but Less

question 117

Multiple Choice

When marginal cost is greater than average variable cost but less than average total cost,

• A)average total cost is rising.
• B)marginal cost is falling.
• C)average fixed cost is minimized.
• D)average variable cost is falling.
• E)marginal cost is rising.

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Definitions:

Bargaining Unit

A group of employees with a clear and identifiable community of interests who are represented by a single labor union in bargaining and negotiations.

Certification

An official recognition or guarantee that an individual, product, or organization meets certain standards or qualifications.

Lawful Strike

A work stoppage by unionized workers that is legally permitted and adheres to labor laws.

Picket Lines

A form of protest or demonstration by workers, often at entrances to a workplace, aimed at publicizing a labor dispute or discouraging people from crossing the line during a strike.