Average Total Cost

question 68

Multiple Choice

Average total cost

• A)increases as output increases.
• B)decreases as output increases.
• C)increases if marginal cost is increasing.
• D)increases if marginal cost is greater than average total cost.
• E)both c and d

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Definitions:

Contribute

To give or donate something, such as resources, ideas, or money, towards a common goal or project.

Benefit

An advantage, profit, or gain received from something.

Second Job

Employment taken in addition to one's primary job, often to earn extra income or gain additional experience.

Full Time

Employment status where an individual works a minimum number of hours as defined by the employer, typically considered to be around 35 to 40 hours per week.