A U-Shaped Average Total Cost Curve Implies

question 10

Multiple Choice

A U-shaped average total cost curve implies

• A)First diminishing returns,and then increasing returns.
• B)First marginal cost below average total cost,and then marginal cost above average total cost.
• C)That total costs are at a minimum at the minimum of the average cost curve.
• D)A linear total cost curve.

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Definitions:

Condescending Words

Language or terminology that implies a feeling of superiority, often making others feel diminished or disrespected.

Superiority

The state or condition of being superior to others in performance, quality, or status.

Inferiority

A feeling of being lower in status or quality than others.

Third Person

A point of view in communication or literature where the narrator or presenter refers to all participants using third-person pronouns like he, she, it, or they.