When Marginal Cost Is Less Than Average Total Cost

question 94

Multiple Choice

When marginal cost is less than average total cost,

• A)marginal cost must be falling.
• B)average variable cost must be falling.
• C)average total cost is falling.
• D)average total cost is rising.

---

Definitions:

Organic Product

A chemical compound or substance produced by a living organism, often containing carbon.

Alkene Products

Compounds resulting from reactions involving alkenes, typically characterized by the presence of double bonds in their structure.

Cyclopentane

A cyclic hydrocarbon with the formula C5H10, consisting of a ring of five carbon atoms each bonded with two hydrogen atoms.

Organic Product

A compound resulting from organic reactions, primarily consisting of carbon atoms along with hydrogen, oxygen, nitrogen, and other elements.