If F Is Always Decreasing and Concave Down, Then F

question 32

Multiple Choice

If f is always decreasing and concave down, then f must have at least one root.

• A)Always true
• B)Sometimes true
• C)Never true

---

Definitions:

Efficient Output

The level of production at which a company or economy can produce goods at the lowest possible cost per unit, maximizing the allocation of resources.

Perfect Competitor

A hypothetical firm in a perfectly competitive market that cannot influence the market price of its product and takes the market price as given.

Marginal Cost

A concept in economics that refers to the change in the total cost when an additional unit of a product is produced.

Average Total Cost

The total cost of production (fixed and variable costs) divided by the quantity produced, indicating the cost per unit of output.