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:

Preconventional

A stage in moral development where individuals' moral reasoning is based primarily on consequences and personal benefits.

Sociological Criticism

An approach in critical theory that analyzes literature, media, or art from a sociological perspective, focusing on cultural, economic, and political contexts.

Cognitive Development

The study and observation of how intelligence, reasoning, language development, and information processing evolve from childhood through adulthood.

Secondary Socialization

Socialization outside the family after childhood.