Whenever Marginal Cost Is Greater Than Average Total Cost

question 274

Multiple Choice

Whenever marginal cost is greater than average total cost,

• A)average total cost is rising.
• B)marginal cost is falling.
• C)average total cost is falling.
• D)Both b and c are correct.

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Definitions:

MP

Stands for "Member of Parliament," but in a logical context, it refers to a deductive pattern of reasoning where a specific conclusion is inferred from a general rule and a specific case.

Conj

An abbreviation for "Conjunction," a logical operator that connects two conditions or propositions where both must be true.

Inference Forms

Patterns of reasoning where specific statements lead logically to a conclusion.

MP

In logic, MP refers to Modus Ponens, a form of argument that if a conditional statement ('If P then Q') is accepted, and P is affirmed, then Q must also be affirmed.