If Marginal Cost Is Above Average Total Cost, Average Total

question 33

Multiple Choice

If marginal cost is above average total cost, average total cost will

• A) be minimized.
• B) decrease.
• C) increase.
• D) remain constant.

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Definitions:

D-Day

The Allied invasion of Normandy, France, on June 6, 1944, a pivotal event during World War II that led to the liberation of Western Europe from Nazi control.

Normandy

a region in France known for its role in the D-Day landings of June 6, 1944, during World War II, which marked the beginning of the end of the war in Europe.