When Marginal Cost Is Rising, the Average Total Costs

question 67

Multiple Choice

When marginal cost is rising, the average total costs:

• A) could be rising or falling.
• B) must be rising.
• C) must be falling.
• D) must be constant.

---

Definitions:

Rufus Saxton

A Union Army general during the American Civil War known for his efforts to aid freed slaves and enforce policies of land redistribution.

Legal Title

A formal recognition or designation that establishes ownership or an official position within a legal framework.

Preliminary Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1862 during the American Civil War that declared the freedom of all enslaved people in Confederate-held territory starting January 1, 1863.

Union Victory

The success of the United States (the Union) over the Confederate States in the American Civil War, leading to the preservation of the Union and the abolition of slavery.