If Marginal Cost Is Less Than Average Variable Cost, Average

question 128

Multiple Choice

If marginal cost is less than average variable cost, average variable cost will:

• A) increase as output rises.
• B) decrease as output rises.
• C) remain constant as output rises.
• D) equal average total cost.

---

Definitions:

Mental Health

Pertains to the state of one's psychological and emotional well-being.

Managed Care

A healthcare system designed to optimize and manage patient care decisions and costs, often by limiting providers and negotiating costs.

Presenting Problems

The initial issues or concerns that a client brings to the attention of a professional or service provider.

Sexual Orientation

Refers to an individual's pattern of emotional, romantic, or sexual attraction to others, often categorized as heterosexual, homosexual, bisexual, asexual, among others.