Which of the Following Statements Is Correct

question 445

Multiple Choice

Which of the following statements is correct?

• A)If marginal cost is rising, then average total cost is rising.
• B)If marginal cost is rising, then average variable cost is rising.
• C)If average variable cost is rising, then marginal cost is minimized.
• D)If average total cost is rising, then marginal cost is greater than average total cost.

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Definitions:

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Ethical Issue

A problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right or wrong.

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The set of actions, or tactics, that a company uses to promote its brand or product in the market, traditionally defined by the four Ps: product, price, place, and promotion.

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The progression of marketing strategies and methodologies over time, adapting to changing consumer behaviors, technological advancements, and market dynamics.