In the Short Run, Marginal Cost Is Positive and Increasing

question 330

Multiple Choice

In the short run, marginal cost is positive and increasing at output levels where total variable cost is ________ at a(n) ________ rate.

• A) increasing; increasing
• B) increasing; decreasing
• C) decreasing; increasing
• D) decreasing; decreasing

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Definitions:

Self-Evident Meaning

Something that is clearly or obviously understood without the need for explanation or justification.

Comprehend Two Languages

The ability to understand and process information in two different languages.

Mutually Intelligible

pertains to languages or dialects that can be understood by speakers of each without prior study or special effort.

Communication System

An arrangement of technologies and processes for transmitting information from one point to another through verbal, written, or digital means.