When Average Cost Is Greater Than Marginal Cost, Marginal Cost

question 437

Multiple Choice

When average cost is greater than marginal cost, marginal cost must be

• A)rising.
• B)falling.
• C)constant.
• D)The direction of change in marginal cost cannot be determined from this information.

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Definitions:

Compromise

A solution to a dispute that involves concessions from all parties involved.

Participatory Action Research

A research approach that involves stakeholders or community members in the research process, aiming to generate knowledge and action for social change.

Process Agreement

An understanding or accord between social worker and client regarding the methods, goals, and expectations of the social work intervention.

Person Acclimated

An individual who has become accustomed or adapted to a new environment, situation, or set of conditions.