If a Firm's Marginal Cost Exceeds Its Average Cost, Then

question 153

True/False

If a firm's marginal cost exceeds its average cost, then its average cost must be rising.

---

Definitions:

Car Washes

Businesses specializing in cleaning the exterior and, in some cases, the interior of vehicles, offering a range of services from basic washes to detailed cleaning.

Personal Selling

A direct form of marketing where sales representatives interact face-to-face with customers to inform them about and sell a product or service.

Direct Contact

involves interaction between individuals or entities without intermediaries, allowing for immediate communication or exchange.

Communication

The process of exchanging information and ideas between individuals or entities, often involving speaking, writing, or using other mediums.