When a Firm's Total Cost Exceeds Its Total Revenue

question 119

Multiple Choice

When a firm's total cost exceeds its total revenue:

• A) average total cost is less than average revenue.
• B) net revenue is positive.
• C) marginal cost is negative.
• D) total cost rises with increases in output.

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Definitions:

Cognitive Developmental Task

An activity or challenge that promotes or is associated with changes in mental capabilities and processing at different stages of life.

Sensory

Pertains to the detection, identification, and interpretation of stimuli through the senses.

Perceptual

Perceptual relates to the ability to perceive or the process of becoming aware of something through the senses.

Apprentices

Individuals who learn a trade or profession through practical experience under the supervision of skilled workers, combining on-the-job training with formal instruction.