If Marginal Cost Exceeds Average Total Cost in the Short

question 204

Multiple Choice

If marginal cost exceeds average total cost in the short run, then which is likely to be true?

• A)Average total cost is increasing.
• B)Average variable cost is decreasing.
• C)Average total cost is less than average variable cost.
• D)Marginal cost is less than average variable cost.

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Definitions:

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A reasoning technique by which numerous claims, regarded as true or typically established as true, are synthesized to deduce a specific outcome.

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Freud’s third stage of development, when the penis becomes the focus of concern and pleasure.