If Marginal Cost Equals Average Total Cost

question 60

Multiple Choice

If marginal cost equals average total cost:

• A) average total cost is minimized.
• B) marginal cost is minimized.
• C) average variable cost is minimized.
• D) average variable cost is falling.

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Definitions:

Antecedents

Elements or events that exist or occur before a specific point or action, often influencing or causing the subsequent outcomes.

Positive Reinforcement

A method of encouraging desired behaviors by rewarding them, thereby increasing the likelihood that these behaviors will be repeated in the future.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable event or outcome strengthens the likelihood of a desired behavior occurring in the future.

Influence Tactics

Strategies or methods used by individuals or groups to persuade or motivate others to follow their directives or accept their ideas.