If the Average Variable Cost Curve Is Falling

question 24

Multiple Choice

If the average variable cost curve is falling,

• A)the MC curve must be below it.
• B)marginal cost is greater than average variable cost.
• C)the MC curve is necessarily falling.
• D)the MC curve is necessarily horizontal (neither rising nor falling).
• E)the MC curve is necessarily rising.

---

Definitions:

Phenomenological Theory

A philosophical approach emphasizing the subjective experience of individuals as a key to understanding human behavior.

Deviants

Individuals whose behavior diverges significantly from the accepted norms of society.

Objective Study

A method of research or examination that is fair, unbiased, and not influenced by personal feelings or opinions.

Conflict Approach

A theory in sociology that emphasizes the role of coercion and power in producing social order, focusing on the conflicts between different social classes or groups.