Which of the Following Must Be True If Average Variable

question 94

Multiple Choice

Which of the following must be true if average variable costs are decreasing?

• A) Average fixed cost exceeds average total cost.
• B) Marginal cost exceeds average variable cost.
• C) Marginal cost is less than average variable cost.
• D) Marginal cost is less than average total cost.

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Definitions:

DSM-IV

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, a handbook used by healthcare professionals as a guide to the diagnosis of mental disorders.

Psychiatric Diagnoses

The classification of mental disorders by identifying and categorizing symptoms according to standardized criteria, to guide treatment and understanding.

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship as a way of uncovering unconscious thoughts and feelings.

Psychoanalyst

A therapist who uses Freudian methods of exploring the unconscious mind to understand and treat psychological issues.