So Long as Marginal Cost Is Greater Than Average Variable

question 56

True/False

So long as marginal cost is greater than average variable cost,both average variable cost and average total cost must increase as output is increased.

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Definitions:

Endosteum

The thin vascular membrane of connective tissue that lines the inner surface of bony tissue, involved in bone growth and healing.

Periosteum

The membrane that surrounds the diaphysis of a bone.

Osteosarcoma

A type of cancer that originates in bone cells and is most commonly found in the long bones near growth plates.

Paget's Disease

A chronic disorder that typically results in enlarged and deformed bones due to abnormal bone destruction and regrowth, primarily affecting the elderly.