If Average Cost Is Above Marginal Cost, Average Cost Must

question 89

True/False

If average cost is above marginal cost, average cost must be falling.

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Definitions:

Gemmae

Tiny balls of tissue (borne in gemmae cups) used for asexual reproduction by liverworts.

Liverworts

Liverworts are a group of non-vascular plants in the division Marchantiophyta, known for their liver-shaped gametophytes and role in early colonization of terrestrial environments.

Asexually

Reproduction without the combination of genetic material from two different parents, often involving a single organism reproducing by itself.

Archegonia

The female reproductive structure in ferns, mosses, and some conifers, where the egg cell is produced and fertilization occurs.