If the Average Variable Cost Curve Is Above the Marginal

question 342

Multiple Choice

If the average variable cost curve is above the marginal cost curve, then

• A) marginal costs must be decreasing.
• B) average variable costs must be increasing.
• C) marginal costs must be increasing.
• D) marginal costs can be either increasing or decreasing.

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Definitions:

Add

In the context of mathematics or logic, to perform the operation of addition, which is the process of combining two or more quantities.

UI

Stands for User Interface, which is the means by which user interacts with a machine, software or device.

Simp

A term colloquially used to describe someone who demonstrates excessive sympathy or attention towards another person, often with little regard for reciprocation.

Assumption

A statement or idea accepted as true without proof, often used as a starting point for reasoning and arguments.