Because Marginal Cost Is Always ________ in the Short Run

question 6

Multiple Choice

Because marginal cost is always ________ in the short run, total variable cost always ________ when output increases.

• A) positive; increases
• B) positive; decreases
• C) negative; increases
• D) negative; decreases

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Definitions:

Colonial Products

Goods and commodities that were traditionally produced in colonies, such as tea, sugar, coffee, and spices, often exploited for economic gain by colonial powers.

Yamasee War

The Yamasee War was a conflict between colonial South Carolina and several Native American tribes, including the Yamasee, in 1715-1717, partly due to disputes over trade and territory.

Indian Tribes

Indigenous groups in the United States, recognized as sovereign entities with their own governance and cultural practices.

Carolinas

Refers to the region comprised of the U.S. states North Carolina and South Carolina, originally established as a single British colony.