When Marginal Cost Is Increasing

question 431

Multiple Choice

When marginal cost is increasing,

• A)total cost must be increasing.
• B)average total cost must be increasing.
• C)average total cost must be decreasing.
• D)average fixed cost might be increasing or decreasing.

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Definitions:

Standard Five Days

A typical workweek structure, often Monday through Friday, used in many businesses and organizations for scheduling work.

Skill Variety

The degree to which a job requires a range of different activities and skills, contributing to a worker's motivation and job satisfaction.

Job Core Characteristic

Essential attributes of a job that affect an employee's attitude and motivation, including skill variety, task identity, task significance, autonomy, and feedback.

Different Talents

Diverse skills and abilities possessed by individuals that contribute to the overall effectiveness and creativity of a team or organization.