If Marginal Costs Equal Average Total Costs

question 36

Multiple Choice

If marginal costs equal average total costs,

• A) average total costs are falling.
• B) average total costs are rising.
• C) average total costs are maximized.
• D) average total costs are minimized.

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Definitions:

Neutrality

The state of not supporting or helping either side in a conflict or disagreement; impartiality.

Power

The capability to guide or affect the actions of people or the direction of happenings.

Knowledge

Information, understanding, or skill that one gets through experience or education; the theoretical or practical understanding of a subject.

Foucault

Michel Foucault, a French philosopher known for his studies on power, social institutions, and the relationship between knowledge and control.