The Average Variable Cost Curve Slopes Upward with a Higher

question 20

Multiple Choice

The average variable cost curve slopes upward with a higher rate of output in the short run because of

• A)The effect of diminishing returns.
• B)The shape of the average fixed cost curve.
• C)Diseconomies of scale.

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Definitions:

Liver Damage

Harm to the liver that impairs its ability to function properly, often caused by diseases, alcohol abuse, or certain medications.

Skin Cancer

A type of cancer that forms in the tissue of the skin, caused by the abnormal and uncontrolled growth of skin cells, often due to excessive sun exposure.

Chronic Hunger

A persistent condition where individuals do not intake sufficient calories for an extended period, leading to long-term health issues and malnutrition.

Migrant Communities

Groups of people who have relocated from one geographical area to another, often forming distinct communities in their new locations.