If Average Cost Is Declining

question 92

Multiple Choice

If average cost is declining,

• A)marginal cost must be below average cost.
• B)firms would go bankrupt if all prices were set equal to marginal costs.
• C)marginal cost may be declining or increasing.
• D)All of the above are correct.

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Definitions:

Automatism

Involuntary or unconscious actions or behaviors without conscious control or intention.

Sleepwalking

A sleep disorder characterized by walking or performing other complex behaviors while still largely asleep.

Carbon Monoxide Poisoning

occurs when carbon monoxide gas is inhaled, preventing the blood from carrying oxygen to cells, tissues, and organs.

Culture-bound Disorders

Refers to mental disorders or syndromes that are considered to be limited in their manifestation to specific societies or cultural areas.